Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, January 20, 2011

Warner Music looking for potential buyers-source, (NYSE: WMG), (NYSE: GS), (NYSE: KKR)

Warner Music Group (WMG.N) is looking for potential buyers and Goldman Sachs (GS.N) is advising on the process, a source familiar with the matter said on Thursday. Some parties have expressed interest in the music group, said the source, who asked not to be named. Earlier on Thursday, the New York Times reported that the decision to hire Goldman came after a number of potential buyers, including private equity firm Kohlberg Kravis Roberts (KKR.N) approached Warner Music's management to express interest in acquiring the company. Goldman Sachs declined to comment. Warner was not available for comment. (Reporting by Yinka Adegoke; Writing by Megan Davies)

Source