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Warner Music bought by Len Blavatnik for $3.3bn

Access Industries agrees friendly takeover in move that will fuel speculation Warner will mount fresh EMI bidEdgar Bronfman and the management team of Warner Music are expected to stay on the New York music major behind Cee Lo Green and Plan B, after his friend Len Blavatnik completes an agreed $3.3bn offer for the world's number three music company.Blavatnik's Access Industries won an auction to buy the company with a friendly bid worth $8.25 a share, in a deal that will immediately trigger exp...

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15:13 on May 6 2011

Warner Music bought by Len Blavatnik for $3.3bn

Guardian Music — Access Industries agrees friendly takeover in move that will fuel speculation Warner will mount fresh EMI bidEdgar Bronfman and the management team of Warner Music are ex... more info
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