Warner Music Could Be Sold by the End of the Week: Source

Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, Reuters reports. The third round of bids is led by two competing financial groups Len Blavatnik’s Access Industry and a joint bid by Tom and Alec Gores’ Platinum Equity and Gores Group, according to Reuters’ sources.