Warner Music Auction Involves at Least Five Bidders, FT Reports

The second round of the auction for all or parts of Warner Music Group Corp. (WMG) will involve at least five bidders, including Platinum Equity and Ron Burkle’s Yucaipa Cos., the Financial Times reported, citing unidentified people close to the process.

Sony Music, BMG Music Publishing and Len Blavatnik’s Access Industries Holdings LLC are already known to be in the bidding, the newspaper said.

Yucaipa couldn’t be reached for comment and Warner Music declined to comment, the FT said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.