
WMG is toying with an offer for Believe that would wipe out Warner’s cash reserves - but is it serious, would Believe shareholders sell and can WMG afford to bet the farm?
As Believe moves forward with its plans to go private, Warner Music might have tossed a great big Kyncl-shaped two billion dollar spanner in the works, presaging a potentially long-drawn out and bloody boardroom battle for control of the French company…