Bruno Mars is among the artists signed to Warner’s record labels Warner Music has been bought by an industrial group whose holdings range from oil and aluminium firms to the UK’s Top Up TV.
Access Industries, run by Russian-American billionaire Len Blavatnik, paid $3.3bn (£2bn) in cash for the world’s third largest music firm.
Warner, whose artists include Bruno Mars, has been struggling with declining sales and profits.
Access Industries already owned a small stake in the US firm.
Warner Music Group, whose entire music and publishing businesses have been sold, will become a private company with its shares delisted from the New York Stock Exchange.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.