Warner Music sells for more than €906m

Len Blavatnik’s Access Industries is buying Warner Music Group Corp., the world’s third-largest recording company, for about €906m.

Fri, 06 May, 2011 - 16:58

Len Blavatnik’s Access Industries is buying Warner Music Group Corp., the world’s third-largest recording company, for about €906m.

The companies said today that the purchase, for about €5.68 a share, will include the assumption of about €1.3bn in debt.

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CourtsBusinessHeathrowPlace: USPerson: Len BlavatnikPerson: BlavatnikOrganisation: Warner MusicOrganisation: Warner Music Group Corp.Organisation: Industries
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