It's now being reported that the final buyout bids for Warner Music are due today.
The company could be sold by the end of the week.
The third round of bids are being led by two competing financial groups, namely Access Industry and a joint bid by Platinum Equity and the Gores Group.
Two weeks ago, the second-round bids came in at around 3 billion US dollars.
The Warner Music sale process is taking place against the backdrop of ongoing declines in music sales, as executives struggle to figure out new business models to guarantee the future of the industry.
