Warner Music’s Acquisition Group Raises $535 Million — and They Could Spend It on Any Number of Things
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variety.comJem Aswad Senior Music EditorWarner Music announced early Wednesday morning that its acquisition group has raised $535 million in a secured senior notes deal.
What it intends to do with those funds, which now add up to nearly a billion dollars on hand, remains to be seen — but there’s no shortage of possibilities and it’s likely that the company is in talks for some if not all of them.As laid out by Music Business Worldwide just minutes after Warner’s announcement, it could be 300 Entertainment, home of Young Thug and Megan Thee Stallion, which sources have said is on the block for $400 million.
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