This excerpt taken from the WMG 10-K filed Nov 25, 2008.
5. Acquisitions and Dispositions
SIZE="2">Acquisition of Interest in Frank Sinatra Estate
The Company acquired a 50% interest in Frank Sinatra Enterprises, LLC
promissory note. The note was repaid in connection with the close of the acquisition on January 29, 2007. In addition, in connection with the closing, the Company loaned the minority owner approximately $14.3 million in the form of a promissory
note, which bears an annual simple rate of interest of 4.73% and matures in six years and can be utilized to satisfy any of the Companys future payment obligations.
FACE="Times New Roman" SIZE="2">Acquisition of Ryko Corporation
On May 31, 2006, the Company completed the acquisition of Ryko,
Warner Music Group Corp.ALIGN="center">Notes to Consolidated Audited Financial Statements(Continued)
During the fiscal year 2008, the Company decided to shut down the operations of Bulldog
Discontinued operations consist of the following:STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">