According to the Daily Telegraph a Hong Kong based investment firm called Crosby Capital Partners is one of the firms definitely in takeover talks with struggling cross-sector music group Sanctuary. As previously reported, Sanctuary confirmed last month it had received one or more informal takeover approaches. The paper says that Crosby now have access to Sanctuary's books with a view to making a formal offer. It also reports that Universal Music have likewise been given access to Sanctuary's financials.
Jun 5, 2007
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1 min read
Hong Kong investment types in takeover talks with Sanctuary
The Daily Telegraph reports Hong Kong-based Crosby Capital Partners is in takeover talks with Sanctuary and has access to its books, with Universal Music also reportedly given access.