Auction theory

  1. EMI: With Bids Low, Company Considers Whether to Split Up or Postpone Sale

    October 17, 2011 4:05 PM EDT While Citigroup is keeping all five known EMI bidders on the hook, it isn't yet actually conducting a formal third round of bidding with a deadline, sources tell Billboard.biz. Instead, they have been in touch with all bidders, asking them to ...

  2. EMI Auction: Who's Got the Inside Track?

    September 30, 2011 4:30 PM EDT With the second-round, Oct. 5 deadline looming large in the EMI auction process, it sounds like the strategic bidders have the inside track, according to an informal survey of bidders, consultants involved in the deal and industry sources generall ...

  3. EMI: Who's Bidding? Nearly Everyone Who Bid for Warner Music Group

    July 28, 2011 6:00 PM EDT With the deadline for first-round bids in the EMI auction looming this weekend, sources say that many of the suitors who bid on Warner Music Group have also bid on the British major. While nearly a dozen suitors made bids for WMG, in an auction wo ...

  4. Bug Music For Sale Again

    July 20, 2011 7:42 AM EDT Bug Music, which was up for sale in an aborted auction last summer, is back on the block, according to sources. The auction is once again being run by JP Morgan Chase, and according to Bloomberg News, which broke the news. Bids are due next week. ...

  5. EMI: Who's Lining up to Buy It?

    June 22, 2011 4:01 PM EDT While EMI announced earlier this week that it is exploring strategic alternatives that will see the company either sold, go public or be recapitalized, the betting is that the major will be put up on the auction block as the first option. Citigrou ...

  6. WMG Board Provides Eliminated Bidders With Company Data, Sources Say

    April 20, 2011 8:05 AM EDT The Warner Music Group (WMG) board of directors is not only willing to consider more bidders in the auction to sell the company, as reported yesterday by Billboard.biz, but has in fact left some of the supposedly eliminated bidders with access to ...

  7. Warner Music Bidding Down to Three, More Could Join

    April 18, 2011 2:58 PM EDT The race for Warner Music Group is now down to the three most credible bids but the board would consider more bidders, according to a person with knowledge of the discussions. These three companies were identified by a Bloomberg report as Yucaipa ...

  8. Warner Music Bids Due Today, New Contender Emerges

    April 07, 2011 5:14 PM EDT Bids are due today for the Warner Music Group in the auction being run by Goldman Sachs Group Inc. and AGM Partners LLC. According to CNBC , Ron Burkle's Yucaipa Companies reportedly leads the bidding with $3 billion, topping a reported $2.8 ...

  9. WMG Businesses Receive More Than 10 Bids in Auction

    February 28, 2011 7:00 PM EST The Warner Music Group has received more than 10 bids in the first round of the auction being conducted on its behalf by Goldman Bros., according to Bloomberg News , who quoted anonymous sources. Sony ATV and BMG, the Berteslmann/KKR joint venture ...

  10. JPMorgan Shopping Bug Music

    June 02, 2010 12:00 AM EDT Bug Music, which has about $26 million in net publisher's share, is being shopped through an auction process, according to sources. The company's proposed sale, first reported in this morning's New York Post , has already been throu ...

  11. WMG Makes $25 Million Bid For Death Row Assets

    February 05, 2008 12:00 AM EST Death Row Records wants to sell its music-related assets, including the rights to recordings from rappers Tupac Shakur, Dr. Dre and Snoop Dogg, for $25 million to Warner Music Group Corp., subject to higher bids at an auction. The court-appointed ...

  12. Viagogo Strikes Exclusive Gabriel Ticket Auction Agreement

    July 17, 2007 12:00 AM EDT Viagogo, the pan-European online secondary-ticketing service, has clinched an exclusive deal to auction ticket packages for Peter Gabriel's current tour. The auction will benefit a new charity the artist is backing, details for which will be ...

  13. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  14. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  15. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  16. RETAIL TRACK: COLD FEET AND BIGGER FOOLS

    November 25, 2006 12:00 AM EST Now that it's a moot point, it looks like Trans World Entertainment, rather than a consortium of buyers led by liquidator Great American, should have won the auction for Tower Records. Nearly a month Now that it's a moot point, it looks ...

  17. Norton LLC Acquires Tower.com

    October 13, 2006 12:00 AM EDT $3.8 million deal made during auction. $3.8 million deal made during auction. News ...

  18. Norton LLC Acquires Tower.com

    October 12, 2006 12:00 AM EDT $3.8 million deal made during auction. Entrepreneur Bill Sagan and his Wolfgang’s Vault Web site, operating under the name Norton LLC, will acquire the Tower.com online store and other assets from the retailer. A Chapter 11 auction recently liquid ...

  19. Tower Records To Be Liquidated

    October 06, 2006 12:00 AM EDT Tower Records, the music industry's most famous retail brand, will be liquidated beginning tomorrow (Oct. 7). After a 30-hour auction, the process was won by the lead-bidder, Great American, who put Tower Records, the music industry's mo ...

  20. Radius Equity Out Of Tower Records Bidding

    October 05, 2006 12:00 AM EDT Trans World considered favorite. Radius Equity— considered the "white knight" in the bidding for Tower Records —failed to put together financing in time for the Chapter 11 auction of the troubled chain. The auction began today in the off ...

  21. Bidders Set For Tower Records Auction

    October 03, 2006 12:00 AM EDT Trans World viewed as likely front-runner. Although 16 bidders have come forward to participate in the Chapter 11 auction of Tower Records on Thursday (Oct. 5), odds are the chain will either be acquired by Trans World Entertainment or liquidated ...

  22. Sixteen Suitors Bid On Tower Records

    September 28, 2006 12:00 AM EDT Trans World, Radius Equity considered front-runners. As part of a process to qualify for the Chapter 11 auction on Oct. 5 for Tower Records, a whopping 16 suitors have placed bids on the troubled superstore chain. However, it's unclear which ...

  23. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  24. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  25. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  26. Great American Lead Bidder For Tower Assets

    September 13, 2006 12:00 AM EDT Other suitors expected to come forward. As expected, Great American, a liquidator based in Los Angeles, is the only suitor that put in a bid to acquire the inventory assets of Tower Records. This bid is the "stalking horse bid," or " ...

  27. Tower Bidding Procedures Set

    September 06, 2006 12:00 AM EDT Guidelines to be revealed Sept. 7. The Tower Records asset auction is expected to heat up with the advertising of the bidding procedures in high profile business news publications tomorrow Tower Records filed for Chapter 11 protection on Aug. 20. ...

  28. The Publishers' Place

    August 02, 2006 12:00 AM EDT The auction process for BMG Music Publishing has hit its second phase. The number of bidders narrows as they eye pub's financials. Read Susan Butler's column. The auction process for BMG Music Publishing has hit its second phase. The num ...

  29. Legal Matters

    June 13, 2006 12:00 AM EDT The auction process is under way as Bertelsmann AG spins off its publishing arm. Number crunchers for those bidding on BMG Music Publishing are now digging into the catalog. Read Susan Butler's column The auction process is under way as Berte ...

  30. FCC Auctions 258 Permits for New FM Stations

    November 30, 2004 12:00 AM EST U.S. regulators on Nov. 24 said they had sold 258 permits for new radio broadcasting facilities around the country in their first-ever open FM auction. WASHINGTON, D.C. (Reuters) -- U.S. regulators on Nov. 24 said they had sold 258 permits for new ...

  31. Live Aid DVD Set For Nov. 1 Release

    July 15, 2004 12:00 AM EDT Warner Vision International wins rights auction. Warner Vision International wins rights auction. News ...

  32. Bidding For Tower Lingers Until 2004

    December 19, 2003 12:00 AM EST After three rounds of bidding, the auction process for Tower Records may come down to interested parties revisiting their bids after the holiday selling season. Firms believed to still be interested i After three rounds of bidding, the auction pro ...

  33. Bidding For Tower Lingers Until 2004

    December 19, 2003 12:00 AM EST After three rounds of bidding, the auction process for Tower Records may come down to interested parties revisiting their bids after the holiday selling season. Firms believed to still be interested i After three rounds of bidding, the auction pro ...

  34. Bidding For Tower Lingers Until 2004

    December 19, 2003 12:00 AM EST After three rounds of bidding, the auction process for Tower Records may come down to interested parties revisiting their bids after the holiday selling season. Firms believed to still be interested i After three rounds of bidding, the auction pro ...