BMI back on the market?

Performing rights organization BMI is exploring potential buyers after scrapping plans for a multi-billion dollar sale last year. The company had originally set a price tag of between $2 and $3 billion, but received less-than-expected offers. BMI has once again enlisted Goldman Sachs as an advisor to help review strategic opportunities, including a sale. The company had previously announced that it was changing to a for-profit structure, which it hopes will make it a more attractive acquisition target. However, BMI may decide not to go through with a sale.

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