spotted: latimes

Access Industries, a holding company founded by oil baron Len Blavatnik (pictured above), won the auction to buy Warner Music Group Corp. for $3.3 billion in cash, the companies announced Friday morning.  Blavatnik edged out more than a dozen other biddors including Sony Music Group, supermarket magnate Ron Burkle, Platinum Equity, Live Nation Entertainment and investment firm Kohlberg Kravis & Roberts, whose unsolicited offer late last year kicked off the auction process.  Warner Music Group is the home of artists such as Green Day, Metallica and Bruno Mars.