SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 17, 2021 (
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Item 1.01. Entry into a Material Definitive Agreement.
On December 16, 2021, Warner Music Group Corp. (the “Company”) purchased Theory Entertainment LLC d/b/a 300 Entertainment, pursuant to the terms and conditions of the merger agreement of the same date among Warner Music Inc. and MM Investment LLC, both wholly-owned subsidiaries of the Company, the Buyer Representative, Trifecta Merger Subsidiary LLC, Theory Entertainment LLC d/b/a 300 Entertainment and the Seller Representative. The merger consideration was $400 million in cash, subject to adjustment for working capital, cash, indebtedness and expenses. The merger agreement contains customary representations, warranties and covenants. The foregoing description of the merger agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the merger agreement, a copy of which will be filed with the Company’s next Quarterly Report on Form 10-Q.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|WARNER MUSIC GROUP CORP.|
|Name: Paul M. Robinson|
|Title: Executive Vice President and General Counsel|
Date: December 17, 2021