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# WMG Update: Bids Are In, Deal Expected Soon
- URL: https://www.hypebot.com/wmg-update-bids-are-in-deal-expected-soon/
- Published: 2011-05-04T10:20:41.000Z
- Updated: 2011-05-04T10:20:41.000Z
- Description: According to multiple sources final bids are in the hands of the Warner Music Group board for review and they hope to finalize a deal quickly. The three bidders remaining. Continue reading [https://www.hypebot.com/hypebot/2011/05/wmg-update-bids-are-in-deal-expected-soon.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e883d5970970d-150wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e883d5970970d-popup?ref=hypebot.com)

According to multiple sources final bids are in the hands of the Warner Music Group board for review and they hope to finalize a deal quickly. The three bidders remaining are billionaire investor Len Blavatnik's Access Industries; a joint bid from Tom and Alec Gores' Platinum Equity and Gores Group; and a pair of separate bids from Sony Corp's recorded music arm and publishing units in partnership from investor Ron Perelman and Guggenheim Partners respectively, [Reuters](http://www.reuters.com/article/2011/05/04/us-warnermusic-idUSTRE7402S420110504?ref=hypebot.com) is reporting.

  
CEO Executive Edgar Bronfman Jr and his board are said to want to close the sale process without delay with one of the existing bidders because a sale to a rival music company or the sale of EMI could make a WMG sale more difficult to get by regulators.