Quantcast

Tag Archives: Len Blavatnik

Are ‘Very Bad Things Ahead’ For Warner Music Group?

Posted by on December 8, 2011

That’s what a recent article on Digital Music News cites a source inside the company as saying.  Warner Music Group was acquired for $3.3 billion by Russian billionaire Len Blavatnik’s Access Industries back in May. Now, according to the source, Blavatnik is having a case of buyer’s remorse. WMG chairman Edgar Bronfman Jr. is exiting the […]

Read more

Citigroup Likely To Sell EMI In Two Parts, Bidding Starts To Heat Up

Posted by on October 27, 2011

Though the record industry as a whole is going through a rough time, EMI has especially experienced its fair share of trouble. That’s why it’s no surprise that Citigroup Bank is anxious to sell the famed label less than a year after acquiring it from equity firm Terra Firma. And while there were reports floating […]

Read more

It’s Official: WMG Has Been Sold

Posted by on May 6, 2011

Just this morning we reported that an announcement regarding Warner Music Group’s purchase could be made as soon as today after the label’s shares experienced a nice increase this past week. And boom, it’s now official: Russian billionaire Len Blavatnik has purchased WMG! Blavatnik and his Access Industries purchased the major label for $3.3 billion […]

Read more

WMG’s Shares Are… Soaring?

Posted by on May 6, 2011

Earlier this week, reports leaked out that after lucking out with so most interest from bidders (who were apparently willing to spend around $3 billion to purchase them), WMG were beginning to rub bidders the wrong way. The label was reportedly making the process so difficult that some bidders were either exiting out of the […]

Read more