Billionaire Buys Warner Music Group

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A bidding war for Warner Music Group has Russian-born American billionaire Len Blavatnik's company Access Industries as the winner in a $1.3 billion all-cash transaction for the company. The sale of the music company comes at a challenging time for music industry with CD sales on the decline and digital piracy running amuck. Even with these trying times, the deal has Warner Music valued at $3 ...

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