Following his recent departure from Dangerbird Records, Jeff Castelaz is said to be in line to take over Elektra and close to sealing the deal.

That's according to a source speaking to Billboard. Earlier in the week the publication reported the news of the departure of Castelaz and his colleague, general manager Matt Solodky, from Dangerbird whilst the then-head of promotion Jenni Sperandeo was made president of the company’s recorded and publishing arms.

The Billboard source is apparently close to ...