Report: Sony And BMG Bidding For Parlophone
January 7, 2013 at 7:12 AM (PT)
SONY has partnered with BMG to make a joint bid for PARLOPHONE RECORDS and other EMI GROUP PLC labels being sold off by UNIVERSAL MUSIC GROUP, reports THE FINANCIAL TIMES, citing unnamed sources.
THE WALL STREET JOURNAL notes, "If SONY and BMG's joint bid is successful, they will then split the assets between them, but won't form another joint venture company."
Reports have about a dozen groups interested in bidding for PARLOPHONE.