Warner Music Buys Bruno Mars, Adele Songs in $450 Million Deal
- Warner is acquiring a controlling stake in Tempo Music
- Tempo owns all or parts of songs by many top hitmakers
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Warner Music Group has acquired a controlling stake in Tempo Music, the owner of a catalog of song rights spanning recordings by Bruno Mars, Adele and Wiz Khalifa.
The deal values Tempo at $450 million, according to a person familiar with the matter. Warner is buying the stake from private equity firm Providence Equity Partners with cash and by assuming Tempo’s debt, said the person, who asked not to be named discussing confidential terms.