• Enders Analysis values Chrysalis in the £145-160 million and says the company is hoping to fetch a bid up to £200 million. Sony/ATV, Warner Chappell and EMI Music Publishing are all reportedly interested in acquiring Chrysalis. (Enders Analysis)

• According to a couple of executives familiar with the talks, Yahoo is mulling over "offering unprotected MP3s either for sale or for free as part of an ad-supported service." Free, ad-supported MP3s? I don't get it either. Should be one (free) or the other (ad-supported), no? More info, please. (AP)

• Sony/ATV has signed Flo Rida to a worldwide co-publishing deal. (Billboard.biz)

• In the album's first week of release, Target sold 33,000 units of its exclusive John Legend live album. Not bad, but not exactly Eagles numbers. Legend has a higher sale price, though, and Target doesn't have Wal-Mart's reach. (Variety)

• Zazzle, which sells music-related merchandise, has acquired GoodStorm. Look for a push into social media and widgets. (Mashable)

• Surprise of the day: Country star Tim McGraw co-wrote, "Nine Lives," the first single from Def Leppard's upcoming album. (Music Row)