Shares in the good old Chrysalis Group rose 8% yesterday after bosses there admitted it was in preliminary discussions with possible buyers, though the company's top team is officially "assessing its options" and could, as yet, opt to support a takeover bid or choose to stay an independent.
As much previously reported, Chrysalis is now very much a music company having sold off its radio business to Global Radio earlier in the year. The company owns a record label and wholesale outfit though its music publishing enterprise makes up the bulk of the company, and is likely to be what most interests potential buyers.
Both Warner Music and Universal Music have been rumoured to be interested in acquiring Chrysalis, though others expect the usual suspect private equity types to also consider an offer.