Trading resumes in Warner Music Group (WMG +2%) after confirmation that Access Industries, the...

|About: Warner Music Group Corp. (WMG)|By:, SA News Editor

Trading resumes in Warner Music Group (WMG +2%) after confirmation that Access Industries, the conglomerate controlled by Len Blavatnik, agrees to acquire the world's third-largest recorded music company in a $3.3B deal. The deal caps a three-month sale process in which as many as 10 bidders vied for the company. (PR)