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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