Warner Music among nine groups vying for Universal’s Parlophone: FT

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PARIS (Reuters) – Warner Music and a joint venture led by British impresario Simon Fuller are among nine groups interested in buying Parlophone from Vivendi’s Universal Music Group, the Financial Times reported on Wednesday. Universal has received nine preliminary non-binding proposals for the label, the Financial Times website reported, citing industry sources. Universal is being forced to sell the business to satisfy regulators’ concerns about its $1.9 billion takeover of the recorded music business of EMI. …

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