The Red Hot Chili Peppers are selling their publishing rights to Merck Mercuriadis's Hipgnosis Songs Fund for $140 million, a source says.

The purchase of the whole Chili Peppers catalog marks a re-entry into the music industry for Bain Capital.

Ione Skye has opened up about her two-year relationship with Anthony Kiedis when she was just 16, while he was 24 and a drug addict.

The private equity giant is in talks to re-enter the music industry through a partnership with Warner Music. Its first target? The entire Red Hot Chili Peppers catalog, which could fetch more than ...