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Global Music Group, Inc. of Delaware
Global Music Group, Inc. of Delaware Makes Offer for Assets of Death Row Records
September 21st, 2008
Global Music Group, Inc. a corporation incorporated in the State of Delaware (GMG Delaware) today submitted an offer to the Trustee in the Death Row Records bankruptcy proceeding in Los Angeles, California to acquire the Assets of Death Row Records for the sum of $24 million if the bid of Global Music Group of New York (GMG New York) is deemed terminated by the Court. Last week, the Trustee for the bankruptcy estate filed to terminate the rights of GMG New York because they had not yet successfully completed the transaction. On June 24, 2008 the Court awarded the winning bid in the bankruptcy sale of the assets of Death Row Records for $24 million dollars to the party...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-21)
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