(Adds Warner Music shares in fifth paragraph).
April 15 (Bloomberg) - Warner Music Group Corp., the music society who himself put on sale in January, reduced the list of bidders to three, according to two people with knowledge of the deliberations.Yucaipa Cos. Ron Burkle, Len Blavatnik access Industries Holdings and billionaire brothers Tom and Alec Gores are competing for the deal, said a people, who requested anonymity because the talks are private. Several bidders can be left for later, said the person.The rest of the contenders each offered to 3 billion dollars or for recorded music of Warner Music and active editing, said one of the people. A final decision can be made within four weeks, one of them said. The company based in New York, who had initially planned to sell its unit Edition of music and the bid for EMI Group Ltd., hired Goldman Sachs Group Inc. in January and has attracted more than 10 bids for its companies.Amanda Collins, a spokesman for Warner Music, refused to comment on. Eight of the 13 directors of the company are executives of Thomas h. Lee Partners LP and Bain Capital LLC, two Boston-private equity firms holding 51% shares of the company. Edgar Bronfman Jr., who holds about 7 per cent, is President and Chief Executive Officer.Warner Music, whose artists include the Cee Lo Green and The Black Keys, fell 4 cents to $7.43 today in New York Stock Exchange composite trading. The shares soared 32 percent this year.Michael Sitrick, a spokesman for Blavatnik, refused to comment on. Blavatnik is a former Director of Warner Music.Brothers BidFrank Stefanik, contact press for Gilde Alec, refused to comment on. Its private equity company based in Los Angeles that Gores Group has made an offer unsolicited for CKX Inc., owner of "american idol", a person with knowledge of the said tender 1 April. Alec Gores is team with his brother, which extends from Beverly HillsCalifornienne Platinum LLC equity and last week, has agreed to buy the National Basketball Association Detroit Pistons. Mark Barnhill, a spokesman for Platinum Equity, did not immediately respond to requests for comments.Frank Quintero, a spokesman based in Los Angeles billionaire Burkle Yucaipa, did not immediately return messages seeking comment.BMG Rights Management GmbH, the Berlin-based music publisher controlled by KKR & Co., made an offer for the whole of Warner Music, people with knowledge with the discussions said in March. Tamares group, led by Finnish Poju Zabludowicz, provides also for the whole of the undertaking, the Financial Times and others reported.-Editors: Anthony Palazzo, Stephen West
To contact the reporters on this story: Jonathan Erlichman to Los Angeles to jerlichman1@bloomberg.net; Andy Fixmer in Los Angeles at afixmer@bloomberg.net
To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net
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