A deadline for second-round bids on the music publishing arm of Chrysalis closed last night with EMI, Warner Chappell and Sony ATV among those involved, and the price said to be about £170m. Analysts said Chrysalis was demanding a premium price for a catalogue including artists such as David Bowie, Blondie and Gnarls Barkley. It is understood that Chris Wright, chairman, founder and largest shareholder in Chrysalis, and the company's managers were "underwhelmed" by offers in the first round of bidding about Christmas time. (Financial Times)
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