Net News search results for: the gores group
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July 26, 2011
NY Post: BMG Rights Makes A Bid For EMI
The bids for EMI Music have begun to come in. Last week (NET NEWS 7/22), ALL ACCESS reported that CITIGROUP wanted to fast-track the bidding process and is hoping to close the sale as soon as LABOR DAY. A NEW YORK POST report said the bank wants … more »
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July 22, 2011
Report: Citigroup Wants Bids For EMI By Next Week
ALL ACCESS reported TUESDAY (NET NEWS 7/19) that WARNER MUSIC, one of the rumored suitors for EMI, may not have the assets to make the deal. So who does? Someone will need to step up quickly, as "CITIGROUP, after quietly talking to interested … more »
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July 19, 2011
Does Warner Music Have The Money To Buy EMI?
WARNER MUSIC, one of the rumored suitors for EMI, may not have the assets to make the deal, reports THE NEW YORK POST. The report says "Russian-born billionaire LEN BLAVATNIK is financing his $3.3 billion buyout of WARNER, including $2 billion of … more »
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June 23, 2011
The Latest Name Attached To An EMI Sale: Alec Gores
YESTERDAY (NET NEWS 6/22), ALL ACCESS reported that UNIVERSAL MUSIC GROUP would be one of the bidders for EMI GROUP. A person close to UMG passes that tip to the L.A. TIMES. The bidding process for the British conglomerate, now controlled by CITIGROUP, … more »
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June 2, 2011
Report: Gores Group Bidding To Buy Borders
The GORES GROUP, which controls radio syndicator WESTWOOD ONE and CD/DVD/video game distributor ALLIANCE ENTERTAINMENT, is bidding to buy bookstore chain BORDERS GROUP out of bankruptcy. The WALL STREET JOURNAL reports that ALEC GORES is the … more »
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May 5, 2011
Len Blavatnik's Access Industries Emerges As The Leading Bidder For Warner Music Group
WARNER MUSIC GROUP former director LEN BLAVATNIK has emerged as the top bidder for WARNER MUSIC GROUP, say several reports. The RUSSIAN-born BLAVATNIK's ACCESS INDUSTRIES owns 2.2% of WMG, and BLAVATNIK is a close friend of WARNER CEO EDGAR BRONFMAN JR. … more »
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May 4, 2011
Report: Sony/ATV Submits Offer For Warner Music
A new name has emerged in the bidding for WARNER MUSIC GROUP, with SONY/ATV MUSIC PUBLISHING LLC, co-owned by SONY CORP. and MICHAEL JACKSON's estate, joining the list of potential buyers. Earlier this week (NET NEWS 5/2), the bidding for WARNER MUSIC … more »
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May 2, 2011
Bidding For Warner Music Group At $3 Billion
The bidding for WARNER MUSIC is approaching "more than $3 billion, with two or more bids expected on MONDAY (5/2) for the whole company," reports THE FINANCIAL TIMES. The report says, "Several people familiar with the three-month auction … more »
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April 29, 2011
Report: Digital Music Industries Bids For Warner Music
With "final" bids on WMG due in early APRIL, YUCAIPA COMPANIES emerged two weeks ago as the front-runner for WARNER MUSIC GROUP (NET NEWS 4/18). The offer, at $3 billion, was $200 million more than a bid submitted by BMG. Reports have WMG … more »
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April 18, 2011
Gores, Burkle And Blavatnik Reportedly Leading Bidders For Warner Music
With "final" bids due a week-and-a-half ago, YUCAIPA COMPANIES emerged as the front-runner for WARNER MUSIC GROUP (NET NEWS 4/7). The offer, at $3 billion, was $200 million more than a bid submitted by BMG. Now, the BUSINESS STANDARD reports … more »