Warner Music Looking for Potential Buyers

January 21, 2011  |  

(Reuters) – Warner Music Group (WMG.N), the world’s No. 3 music company, 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 because the process is not public.  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.

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