Entertainment
Blackstone Seeks $3 Billion in Sale of Bob Dylan, Adele Song Rights
- Music valuations have soared since Blackstone acquired SESAC
- Apollo, Warburg, Pincus are among firms that looked at assets
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Blackstone Inc. has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch $3 billion or more, people with knowledge of the matter said.
A handful of financial firms, including Apollo Global Management Inc., Warburg Pincus LLC and Temasek Holdings Pte, Singapore’s state-owned investment firm, have expressed interest in the assets, said the people, who asked not to be identified discussing private deliberations. There’s no guarantee the parties will reach a deal.