Sorry, social games firm Zynga isn’t thinking of buying WMG – although judging by the reactions on Twitter and elsewhere to our April Fool, it’s clearly not so far-fetched a suggestion as we thought. More seriously, Live Nation is thought to have placed a bid for WMG’s recorded music arm. The Hollywood Reporter points out that the move comes after the abandonment of Live Nation’s famous 360-deals strategy to sign artists like Madonna and Jay-Z to multiple-rights deals. The article suggests that the issue of who buys which bits of WMG (or the whole company) may be resolved this month, with six other confirmed bidders. None of whom sell virtual tractors. Like what you’ve read here? This is just a snippet from our subscription service.
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