Four bidders will enter the final phase of an auction for Chrysalis’s music publishing catalogue, according to people familiar with the process. The company is valued by analysts at between £160m and £170m ($310m-$330m). The bidders for Chrysalis Music – a catalogue that contains David Bowie and Ray LaMontagne – include EMI, Warner Chappell and Bug Music, a US minor label supported by Spectrum Equity Investors. (Financial Times)
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