Warner Music Group is reportedly entertaining acquisition offers even as the third-largest record company continues to pursue its own acquisition of troubled rival label EMI.
The New York Times reported that after being approached by buyout firm Kohlberg Kravis Roberts, Warner Music hired Goldman Sachs to seek out buyers. Instead of selling to KKR, Warner's management wanted to see what kind of price it could get on the open market.
Warner Music is home to such artists as Green Day, Faith Hill, and the Red Hot Chili Peppers. According to the Times' story, Warner's private-equity investors want Warner … Read more