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Warner Music Group Corp. (WMG)

- NYSE
WMG is defunct since December 31, 2011. Acquired
  • Aug. 3, 2011, 3:12 AM
    Citigroup (C) receives first-round bids of $3B-4B from over 10 groups for EMI, including from Sony (SNE), Universal (VIVDY.PK), Warner Music (WMG) and BMG. The price will depend on whether EMI is sold as one or divided between publishing and recorded music. (previous)
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  • Jul. 7, 2011, 7:41 AM
    Sony (SNE) and BMG are among those interested in EMI, which Citigroup (C) hopes to sell within a couple of months, sources say. Other potential bidders include Len Blavatnik, who is leading the $1.3B buy of Warner Music (WMG), and Universal Music (VIVDY.PK).
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  • Jun. 21, 2011, 8:09 AM
    EMI has started to explore a sale, recapitalization or IPO four months after Citigroup (C) seized control of the music label from P-E group Terra Firma for failing to pay its debts. An analyst said she expects "a lot of bidders for EMI, including the guys who won Warner (WMG)."
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  • May. 6, 2011, 3:53 PM
    Tom and Alec Gores are considering making a revised bid for Warner Music Group (WMG +3.8%), Bloomberg reports. They're weighing whether to offer $8.35-$8.50/share; Warner Music agreed today to be purchased for $8.25/share by Len Blavatnik.
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  • May. 6, 2011, 10:39 AM
    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)
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  • May. 5, 2011, 7:48 AM
    Warner Music (WMG) could reach an agreement to sell itself today, when its board will meet to make a decision. Sources say that Access Industries, a conglomerate controlled by Len Blavatnik, is in pole position with an offer that would value Warner at around $3.3B including debt. (previous)
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  • May. 3, 2011, 2:24 PM
    Sony/ATV Music Publishing, owned by Sony (SNE) and Michael Jackson’s estate, submitted a bid for Warner Music Group (WMG) ahead of yesterday’s deadline, Bloomberg says. Sony/ATV’s entry increases the number of known bidders to three after Ron Burkle decided to walk away last week.
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  • May. 2, 2011, 8:05 AM
    Third and final bids for Warner Music (WMG) are due today and the company could be sold by the end of the week in a deal valued at over $3B, a source says. Offers from two financial groups lead the round, with Sony (SNE) on the sidelines and BMG dropping out last week. (previous)
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  • Apr. 14, 2011, 7:58 AM
    Live Nation (LYV), Sony (SNE) and BMG Rights look set to miss out after Warner Music (WMG) has reportedly decided to sell itself as one entity rather than in parts. There are several other bidders still in the running as they made offers for the whole company. (previously)
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Company Description
We are one of the world’s major music content companies. Our company is composed of two businesses: Recorded Music and Music Publishing. We believe we are the world’s third-largest recorded music company and also the world’s third-largest music publishing company. We are a global company,... More