This has come out of the blue, but reports in the Financial Times and New York Times both suggest that Warner Music Group may be considering selling part or all of its business. Both reports claim that WMG has appointed Goldman Sachs to advise it on the potential deals, and both finger buyout firm Kohlberg Kravis Roberts as one of several interested parties. The FT thinks a full selloff is unlikely, rather than a sale of either publishing arm Warner-Chappell or catalogue recordings. Would this rule out WMG’s longstanding interest in acquiring rival EMI? Not according to the New York Times, which claims ‘a separate set of bankers within Goldman has been working on a potential acquisition of EMI by Warner’.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…