Warner Brothers and Goldman Sachs are rushing to put the Warner Music Group up for sale in an effort to beat EMI to the auction block. The news comes a day after it was made public that the label lost $18 million in just 3 months.
Warner is aggressively seeking buyers due to the fear that neither label will sell if EMI is also on the market. Universal Music and Sony music are the most likely bidders in this ownership shuffle.
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