The bidding war for the failing Warner Music Group is under way, with at reportedly at least five companies seriously fighting for the right to lose some money on a record label: Sony Music (which would make them a super conglomerate), BMG Rights Management, Platinum Equity, Yucaipa Companies and Access Industries, which already owns 2% of Warner. The huge news is that all five companies are willing to spend at least $1.4 billion on the company, which seems absurdly ridiculous. [Hypebot]
Home Five Companies Competing To Lose Money On Warner Music Group
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