![[H]ardOCP](/images/blank.gif){kind=small}
Warner Music Being Sold for $1.3B
Warner Music has been sold to Access Industries for $1.3 billion. Wait, what? Who the hell is Len Blavatnik's and Access Industries?
Len Blavatnik's Access Industries is paying $8.25 a share and will take on about $2 billion in Warner debt and $320 million in cash. The total values the company at about $3 billion.