Major Labels

Report: More Than 10 Bid For EMI Prior To Deadline

image from www.google.com More than 10 bidders made offers to Citigroup for EMI Music Group prior to a first round deadline late last week. Interest was “robust” according to the London's Times newspaper quoting unnamed bank insiders. Price estimates for EMI have ranged from $2.3 – $3.3 billion. Bidders are said to include:

  • Sony Music Entertainment
  • Universal Music Group
  • Len Blavatnik’s Access Industries, the new owners of WMG
  • Investor Ronald Perelman
  • Investor Tom Gores
  • Kohlberg Kravis Roberts in a joint bid with Bertelsmann
  • Oaktree Capital

 

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