Sean Parker Mulling Bid on Warner Music Group (Report)

1:42 AM PST 3/12/2011 by THR staff

Could the Napster founder and Facebook billionaire who famously fought the major labels end up owning the one that went after him?

As Warner Music Group begins to entertain bids for an imminent sale, a potential buyer consortium may include Sean Parker, co-founder of Napster whose equity stake in Facebook made him an instant billionaire. Parker is currently an adviser to Spotify, the successful music streaming service that has yet to launch in the U.S.