Warner Music strikes £500m Parlophone deal, says The Telegraph

Tom Pakinkis

While an official announcement on the sale of Parlophone Label Group is yet to arrive, an early report suggests that Warner Music is the successful bidder in a £500m deal.

Music Week sources said that PLG had been sold as a complete unit by Universal earlier today.

It was unclear at the time of reporting which of the known bidders – including Warner Music Group, Fuller/Blackwell and a joint bid from Sony and BMG – would acquire the company ...

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