Feb 7, 2008 • 1 min read

Some confusion over Chrysalis bidding

Chrysalis founder Chris Wright may ask some of six reported bidders for detailed offers or open bidding to others, as he is in no rush to sell.

Following the previously reported deadline for bids to buy Chrysalis Music, word has it the company's founder and chairman Chris Wright may ask some of the six suitors who have reportedly made an offer to submit a more detailed bid. Or he may open up the bidding to other parties, despite this week's deadline. As previously reported, although Wright has expressed an interest in selling his music assets after selling off his radio business to Global Radio last year, he is in no rush to offload what remains of the Chrysalis empire, and will only do so if the right price and deal is offered. EMI, Warner and Sony/ATV are believed to be among the six parties who have made offers.

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