Warner Music attracts potential buyers

Anna Mexbridge | Sunday, 13 February 2011

Warner Music attracts potential buyers

Warner Music Group, the world's third largest music company, has attracted more than 20 interested parties since putting itself up for sale, the New York Post said, citing sources.

Warner Music, which is looking to sell itself before rival EMI's recorded music and music publishing assets are formally auctioned, is asking bidders to submit their bids by month end, the Post said.

In January, Reuters, citing a source, reported that the company was looking for potential buyers and that Goldman Sachs was advising on the process.

Warner Music was not available to comment.