Warner Music Group eyes $13.2bn valuation
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Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn (£10.7bn), as it prepares to list its shares on the Nasdaq stock exchange.
That is four times what Sir Leonard Blavatnik paid in 2011 for WMG – the world’s third largest record label.
At the time, the music industry was in the depths of a multi-year slump,…
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