BILLIONAIRE Len Blavatnik’s Access Industries has won the auction to take control of Warner Music Group Corp with an offer of $8.25 a share, the company said yesterday.

Fast food chain Burger King is selling itself to private equity firm 3G Capital in a deal valued at $3.26bn (€2.5bn).

EMPG, or Education Media & Publishing Group, began life in its current guise in 2007 with the $4 billion takeover of the Harcourt US Schools Education business from European information and publishing group Reed Elsevier.

A US bankruptcy judge approved the sale of Lehman Brothers Holdings’ prized investment management unit to a group of managers and employees.

WARNER Chilcott, the Northern Ireland drug company, made a loss in the second quarter of the year.