Warner Music was bought by the Russian billionaire Leonard blavatnik, owner of Acces Industries, in a figure close to 3 billones of dollars.
Blavatnik won the Warner Music Group auction, which lasted about three months; Among those who were also fighting for the bid was Sony along with ATV Music Publishing. Recall that Warner went on sale at the beginning of the year. In addition, Blavatnik's company also wants to take over EMI, which is currently owned by Citigroup.
«We believe that this transaction is very positive for the interests of shareholders, for music fans, our artists and songwriters.s, ”said Edgar Bronfman, CEO of the company.
Via | Fortuneweb