Warner Music Group

For sale

The major label world keeps moving. Warner Music Group, the third biggest label group in the world, is for sale according to information released by Bloomberg, quoting internal sources from the discographic conglomerate. Warner’s executives, with Edgar Bronfman Jr. at the front, have signed a deal with investment bank Goldman Sachs to manage possible public offers to buy the group. According to this information, the company Kohlberg Kravis Roberts has approached Bronfman Jr. in the last couple of weeks, making him an offer that is now being studied by Warner, advised by Goldman Sachs. According to the anonymous source quoted by Bloomberg, Warner Music is at the same time thinking about a possible offer by EMI Group Ltd. The same source states that Warner is studying the possibilities of selling the group as a whole or in parts, as it considers the value of its publishing division, Warner/Chappell Music, is not reflected in the present share price. For now, Warner’s spokespeople refuse to comment on the matter.

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