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Chrysalis up for sale

added: 10 Dec 2007 // by: newsdesk 

The British record company that handles David Bowie, Billy Idol, Blondie and Leonard Cohen's back catalogues is up for sale for a staggering $300 million (GBP150 million).

The independent Chrysalis Group, courted in the past by major labels including Warner Music, has hired an investment bank to help it attract a prominent buyer.

Chrysalis' publishing division manages the libraries of Bowie, Idol, Blondie, Leonard Cohen and Gnarls Barkley.

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