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Saturday, May 7, 2011

Warner Music sold and valued at $3 billion

Warner Music Group Corp. has been valued at $3 billion after Russian billionaire Len Blavatnik paid $8.25 a share to acquire the company this week.The oil tycoon is now in charge of the world's third biggest music empire after Universal and Sony.Warner Music is home to Disturbed, Red Hot Chili Peppers, Neil Young, Green Day, Josh Groban, Linkin Park and Fleetwood Mac.Warner's new $3 billion makes

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