Time Warner sells recorded music business

Time Warner has confirmed that it has sold its recorded music and music publishing business for $2.6bn (€2.2bn).

Time Warner sells recorded music business
Mon, 24 Nov, 2003 - 15:11

Time Warner has confirmed that it has sold its recorded music and music publishing business for $2.6bn (€2.2bn).

The buyer is an investor group led by Thomas H Lee Partners, Edgar Bronfman, Jr.'s Lexa Partners, Bain Capital and Providence Equity Partners.

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