Billionaires Leonard Blavatnik and Viktor Vekselberg were sued by a Russian businessman and lawmaker who claims he’s owed more than $2 billion from the sale of his country’s third-largest oil and gas producer.
Daft Punk, the electronic music duo from France, won five Grammy awards including album of the year, while Macklemore & Ryan Lewis took home four trophies and led an industry show of support for gay marriage.
For potential bidders circling EMI Group Ltd., the takeover of Warner Music Group Corp. may have doubled the price tag for the money-losing music label that was seized by its creditor just six months ago.
Warner Music Group ’s former director Len Blavatnik agreed to buy the record company of artists including Cee Lo Green and Bruno Mars for about $1.3 billion, a deal that may trigger a round of industry consolidation.
Warner Music Group Corp., whose artists have included Frank Sinatra, Led Zeppelin and Bruno Mars, is negotiating to move its headquarters to a tower north of Manhattan’s Times Square, two people with knowledge of the discussions said.