Warner holds its breath: executives wait to hear the implications of Bronfman consortium's takeover of Warner Music.(Takeovers)

Warner Music executives were waiting to hear what shape their company will take after the conclusion of a $2.6bn takeover of the company, as Music Week went to press on Sunday evening.

The consortium led by Edgar Bronfman Jnr, and involving Thomas H Lee Partners, Bain Capital and Providence Equity was expected to confirm its acquisition of Warner Music Group last Friday.

Speculation throughout the week indicated that the consortium would announce that the deal had been finalised by the end of the week's business.

But executives were still waiting to hear news late last Friday, with Warner sources indicating that a final announcement might not be made until the weekend or even sometime early this week.

Speculation had suggested that the Bronfman consortium would make only a brief initial confirmation that the deal had been sealed. This was expected to be followed by details of management and structural changes, which would be put into effect by the end of May. When the deal was first announced in late November, US press reports indicated that Bronfman was looking to secure savings of up to $300m.

Other issues which will be resolved include the future roles of Warner Music Group chairman ...