More than 10 bidders made offers to Citigroup for EMI Music Group prior to a first round deadline late last week. Interest was “robust” according to the London's Times newspaper quoting unnamed bank insiders. Price estimates for EMI have ranged from $2.3 - $3.3 billion. Bidders are said to include:

• Sony Music Entertainment
• Universal Music Group
• Len Blavatnik’s Access Industries, the new owners of WMG
• Investor Ronald Perelman
• Investor Tom Gores
• Kohlberg Kravis Roberts in a joint bid with Bertelsmann
• Oaktree Capital