Live Nation bidding for Warners?

According to the Wall Street Journal , Live Nation is a new bidder for Warner Music and is thought to be one of seven currently being reviewed by Goldman Sachs, the bankers hired by Warner's current owners to advise on a full or partial sale of the music major. The live music conglomerate already has certain sound recording interests within its existing stable of artists and since its merger with TicketMaster and Frontline Management extensive management interests - and no doubt competition regulators will be taking note, although Warners / Live Nation combination would almost certainly be more palatable than a takeover of Warners by Universal or Sony.