New York – Warner Music Group (NYSE: WMG) will review offers from the
second round of bidding for the company at a meeting this week, a source tells
Warner has received up to ten bids that value the company at
between $2.8 billion and $3 billion.
According to Retuers’ source, suitors who
have submitted bids for all or parts of Warner Music include Live Nation (NYSE: LYV); BMG
Rights Management, a joint venture of Bertelsmann and private equity firm
Kohlberg Kravis Roberts and Co.; Platinum Equity; Ron Burkle’s Yucapia
Companies; Len Blavatnik; Ron Perelman; and Sony (NYSE: SNE).