Sony Said to Be in Talks to Buy Record Label of Taylor Swift

Sony Corp. is negotiating to acquire Big Machine Label Group, home to country music acts including Taylor Swift and Rascal Flatts, according to two people with knowledge of the talks.

Big Machine, founded by Scott Borchetta in 2005, may fetch more than $200 million, said the people, who weren’t authorized to talk publicly. Negotiations are at an early stage and an agreement may not be completed, they said. Universal Music Group also may enter the bidding, one of the people said.