Much gossiping online in the last few days about the Warner Music Group, which has been fairing very badly on the New York Stock Exchange of late. The US based major's share price is down 50% since 1 Nov last year, while the company's current valuation is $738.64 million, which is pretty depressing considering it was valued at $4 billion a year ago.
The plummeting share price has led to speculation a takeover may be on the horizon, with Google, Amazon and Rupert Murdoch's News Corp being named as possible buyers.
Of course Warner chief Edgar Bronfman Jr, himself a major shareholder in the company, has so far resisted any talk of selling out, despite some commentators assuming he and/or his primary financial backers would look for a quick sell after buying the major off Time Warner in 2004.
Though with his dream of merging Warner with EMI to create a music firm en par with his previous creation, the Universal Music Group, now seemingly at an end perhaps he will be more open to offers. Though one would expect he'd rather first proceed with his diversification plans to transform Warner Music into one of those modern 360-degree music firms, and get any asking price back up to 2006 levels.