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Wednesday, June 2, 2010

Bug for sale: $300m

BUG EYED BY BIG BOYS: Bug Music is being shopped by JPMorgan Chase with an asking price of $300 million, the N.Y. Post reports. Among the prospective buyers are usual suspects Warner Music, UMG, Sony/ATV Music and KKR/BMG. The privately owned indie pubbery boasts a catalog of around 250k copyrights and includes such current acts as Kings of Leon and Kara DioGuardi. Bug is #6 in the bible’s top publishers chart. The company was formed in 1975 by Dan Bourgoise. (6/2a)

 
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