05:25 AM EST, 01/17/2025 (MT Newswires) -- (Updates with responses from Warburg Pincus and Temasek in the fifth paragraph.)

Blackstone (BX) has hired financial advisers as it considers a possible sale of rights to music by artists such as Bob Dylan, Adele and Ariana Grande, Bloomberg reported late Wednesday, citing unnamed people with knowledge of the matter.

The asset management firm hopes to sell the rights for $3 billion or more, the report said.

Apollo Global Management ( APO ) , Warburg Pincus and Singapore's state-owned Temasek Holdings have shown interest, the sources said, but there is no guarantee that a deal will be reached.

The song rights are within a portfolio of businesses held by Blackstone including SESAC, which earns royalties for songs performed live or used by other media outlets, Bloomberg reported.

Warburg Pincus and Temasek declined to comment. Blackstone and Apollo did not immediately reply to MT Newswires' requests for comment.

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