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Warner Music Group to Sell to Access Industries for $3.3 Billion
As reported in the AmLaw Daily, DealBook and Financial Times, Paul, Weiss advised Warner Music Group Corp. in its sale to Access Industries for $3.3 billion, or $8.25 per share. Warner Music is one of the "big four" recorded music businesses, and home to the labels Warner Bros., Elektra and Atlantic. It also owns Warner/Chappell Music, the third-largest music publishing business.
The Paul, Weiss team advising Warner Music included corporate partners Valerie Radwaner, Robert B. Schumer and Tarun M. Stewart; employee benefits partner Robert C. Fleder and counsel Maureen A. Riley; intellectual property partner Charles H. Googe; and tax partner David R. Sicular and counsel Alyssa F. Wolpin.