Ron Burkle has become the latest investor to bid for all of Warner Music Group, submitting a $3 billion-plus offer to purchase the embattled music company.
The bid by Burkle’s Yucaipa Companies is the highest received during the three-week auction, topping BMG’s $2.8 billion offer, according to a report on CNBC.
Burkle has been chasing other entertainment assets and recently, working with the Weinstein Co., put together a bid for film company Miramax. It was outbid by Colony Capital.
A spokesman for Yucaipa had no immediate comment on the reported Warner bid.
Yucaipa’s bid, for both the recorded music and publishing assets pieces of the business, was made in concert with digital music supremo, Sean Parker, who has said he’s interested in advising any company who ends up the winning bidder. While the bid process officially closed yesterday, participants were still putting the finishing touches for submissions today.
The Post confirmed that Ron Perelman’s MacAndrews & Forbes also submitted a bid for WMG. A spokeswoman for Perelman had no comment on a Warner bid, which was first reported by CNBC.
On the news, Warner’s stock rose as much as 10 percent before closing up 8.7 percent, at $7.52.
A host of parties have poured over WMG’s numbers: Live Nation was understood to be preparing an offer for the recorded music part; KKR’s BMG Rights was interested in the publishing assets and, potentially, a bid for the whole; and, Sony Corp., Access Industries, Platinum Equity, Permira and Tamares Group have also been cited as interested parties.
A spokesman for Warner Music Group had no comment.

