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twitterFirm looking at record company
Friday, April 11, 2003 | 10 a.m.
LOS ANGELES -- Apple Computer Inc. is in discussions about buying Universal Music Group, the world's largest record company, for as much as $6 billion, the Los Angeles Times reported today.
Talks between Apple and Vivendi Universal, Universal Music Group's parent company, have been held secretly for months, the Times said.
Apple may offer $5 billion to $6 billion for the music company before Vivendi's April 29 board meeting, the newspaper said, citing sources it did not identify.
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