1.8 billion

WARNER MUSIC GROUP TO BE SOLD FOR 1.8 BILLION

  NME Magazine reports today that the Warner Music Group will be sold for £1.8 billion within a matter of days. The group includes the imprints Atlantic Records, Reprise Records and EastWest Records as well as many others. It will reportedly be bought by either the Gores brothers, who own a series of powerful media and communications companies, or by Russian tycoon Len Blavatnik. According to The Independent both parties have submitted bids for the company and they are now being deliberated. Both bids []