Word has it that a Chrysalis deal could be reached within the week. As previously reported, independent music publishing outfit Chrysalis has put itself up for sale, and four offers have reportedly been made. It was originally thought owner Chris Wright was in no rush to sell, and would only do so if the right deal was on the table, but upcoming changes in UK tax laws means that a sale before April would be hugely beneficial, and the latest gossip is that a takeover deal will be agreed any day now. EMI and Warner Chappell are both believed to have bid for the company, though the latest reports suggest that acquisition hungry Sony/ATV - who some thought had bid - have not, in fact, made an offer.
Feb 27, 2008
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1 min read
Chrysalis sale could be finalised this week
Independent publisher Chrysalis could be sold this week, with EMI and Warner Chappell reportedly among the bidders ahead of UK tax changes.