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Sunday, May 1, 2011

WMG Bidders Down to Two

WMG DERBY DOWN TO A DUO: Len Blavatnik's Access Industries along with Tom and Alec Gores' Platinum Equity and Gores Group are the two finalists in the WMG derby, each with bids of more than $3 billion. A buyer is expected to be chosen by the end of the week. Bertelsmann and KKR's BMG Rights Management dropped out when they were forced to pay a premium to insure against regulatory approval. For a full report see the full news story here. (5/2a)

 
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