Blavatnik’s Access Industries Lead Bidder for Warner Music

Russian emigre Len Blavatnik has emerged as the leading bidder for Warner Music Group, which put itself up for sale in January, said three people with knowledge of the situation. A sale to Blavatnik’s Access Industries Holdings for $3 billion or more would end a three-month auction whose finalists include private-equity brothers Tom and Alec Gores and Sony/ATV Music Publishing. Rival bidders may yet revise their […]