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Len Blavatnik to buy Warner Music for 1.3 billion dollars
Billionaire Len Blavatnik agrees to acquire Warner Music Group for 1.3 billion dollars, valuing the company at about 3 billion including debt. The deal follows a decade of plunging CD sales and foresees potential cost cuts and a bid for EMI as digital music revives the industry.
MENTIONED IN THIS ARTICLE
Los Angeles
Len Blavatnik
Warner Music Group Corp
Warner Music
Warner Bros. Pictures
Warner Bros. Records
Neil Young
Grateful Dead
Faith Hill
Red Hot Chili Peppers
Linkin Park
Josh Groban
Warner
Standard & Poor
Tuna Amabi
Amobi
Blavatnik
Access Industries
Britain
EMI Group Ltd
Citibank
United States
Nielsen SoundScan
U.S
Nielsen
Adam Klein
eMusic
Amazon.com Inc
Google Inc
Apple Inc
Klein
Edgar Bronfman Jr
Time Warner Inc
Bronfman
Thomas H. Lee
Bain Capital
EMI
Guy Hands
Terra Firma Private Equity Group
Sony Corp
No. 4
Vivendi SA
Universal Music Group
Fred Goodman
Rolling Stone Magazine
Russia
Goodman