Warner Music Said to Receive More Than 10 Bids in Asset Sale

Warner Music Group Corp., which put itself up for sale in January, has received more than 10 bids for its businesses, people with knowledge of the process said.

Sony/ATV Music Publishing LLC, a joint venture between Sony Corp. and the estate of Michael Jackson, and KKR & Co.’s BMG Rights Management, bid for the company’s Warner/Chappell publishing business, the people said. Billionaire Len Blavatnik, a former director of Warner Music, is seeking most of the company, they said.