Warner Music Seeks Sale As Whole

Warner Music Groupis selling itself as a whole,The Wall Street Journalreports. The company, which has a market capitalization of roughly $1.1 billion, received bids as a whole of around $3 billion, including assumption of debt, from companies, includingYucaipa CompaniesandAccess Industries.

Companies including生活Nation Entertainment,SonyandBMG Rightsplaced their bids for parts of Warner Music. The company is controlled byThomas HLee Partners,Bain Capital Partnersand普罗维登斯投资and Warner’s CEO,Edgar Bronfman.

Click here for the story fromThe Wall Street Journal.