Following an announcement last week by Sanctuary Music that they were in investigative talks regarding a possible take over of the firm, some in the media have been looking into whose those talks might have been with.
Reuters report that sources are saying both EMI and Warner have spoken to the company about acquisition. A number of private investors are also said to be involved, although it is not clear if those are stand alone offers or part of a major label discussion.
Sanctuary confirmed it was having buy out talks to the London Stock Exchange last week. Bosses told the investment community: "There have been preliminary talks which may or may not lead to an offer or a further business opportunity. During the past 12 months, and indeed on a continuing basis, it has had exploratory discussions with a number of third parties about a wide range of future potential business development and investment opportunities".
However Sanctuary bosses were keen to stress that all talks have been very preliminary and that no actual deal is currently imminent.