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Thursday, 15 November 2012 - Warner Music among nine groups vying for Universal's Parlophone: FT |
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This baffles him. » More Small Business News China denounces EU airline carbon law, seeks talks BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law. » More Green Business News Investing Tools Hot Stocks Stock Screener Fund & ETF Screener Portfolio Warner Music among nine groups vying for Universal's Parlophone: FT Tweet Share this Email Print Related News Time Warner sees U.S. advertising improving in fourth-quarter Wed, Nov 7 2012 Vivendi wants at least 7 bln euros for GVT: sources Wed, Nov 7 2012 Analysis & Opinion The FT backs down on paywalled blogs Healing Kashmir’s wounds Related Topics Entertainment » Fashion » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Music » Inflows Outflows » PARIS | Wed Nov 14, 2012 2:39pm EST PARIS (Reuters) - Warner Music and a joint venture led by British impresario Simon Fuller are among nine groups interested in buying Parlophone from Vivendi's Universal Music Group, the Financial Times reported on Wednesday. Universal has received nine preliminary non-binding proposals for the label, the Financial Times website reported, citing industry sources. Universal is being forced to sell the business to satisfy regulators' concerns about its $1.9 billion takeover of the recorded music business of EMI. Apart from Warner, Universal has also received proposals from Blackwell Fuller, a venture backed by Lord Jacob Rothschild's RIT Capital Partners that includes Fuller, the entertainment entrepreneur, and Chris Blackwell, founder of Island Records as well as one from Ronald Perelman's investment company MacAndrews & Forbes, the FT said. BMG, a joint venture between Bertelsmann and KKR, and Sony Music were also expected to take part in the bidding process, the paper said. They have signed non-disclosure agreements but have not submitted non-binding proposals Citing the sources, the FT said Warner, Blackwell Fuller and Perelman were interested in other Universal assets on the block, including the Sanctuary and Mute labels and the Now compilations. Universal Music could not be immediately reached for comment. (Reporting by Dominique Vidalon; Editing by Jeffrey Benkoe) Entertainment Fashion Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Music Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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