Now that Warner Music Group is in private hands, the financial community has been turning its attention to the bidding process for EMI Group. Bloomberg claims that “at least” 10 bids have come in for the company, and claims that the ultimate sale price could beat the $3.3 billion paid by Access Industries for WMG. How much? Using a similar multiple and analyst estimates, Bloomberg suggests EMI could go for as much as $4 billion. “The amount of interest that was seen in Warner suggests that there is a vibrant market for music assets,” explains Bernstein analyst Claudio Aspesi. “Valuations will still be fairly optimistic. You might as well try to sell it while people are interested and still conversant in the dynamics of the industry.” Source: Bloomberg
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In the year or so since its launch, AI startup Kaiber has been making waves,…