While independent music publishing firm Chrysalis has in the past indicated that they were in no rush to sell their operations, despite inviting bids, the Financial Times says that management there are actually now keen to finalise a sale before April because doing so would avoid changes in capital gains tax laws that could cost the company's founder and owner Chris Wright £8 million.
Wright has previously indicated that, while he does plan to sell off his music company, he is in no rush to do so and would only do it if the right offer was made. However, according to Music Week, with the change in tax laws upcoming he is now thought to be keen to have a deal done before the new laws come into effect on 6 Apr.
As previously reported, four bidders have reportedly made offers for Chrysalis, which is most proactive in the music publishing space, including EMI and Warner Music.