Warner Music Group has filed a registration statement with the Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.
Goldman, Sachs & Co. and Morgan Stanley will act as joint global coordinators and, together with Lehman Brothers, Merrill Lynch & Co. and Deutsche Bank Securities, will act as joint book-running managers for the proposed offering. Banc of America Securities LLC and Citigroup will act as joint lead managers.
A Bloomberg article says:
"Warner Music Group, the world's fourth-largest record company, plans an initial public stock sale worth as much as $750 million a year after a group led by Edgar Bronfman Jr. bought the company from Time Warner Inc.
The New York-based company didn't specify the number of shares it plans to sell or the price in a filing today with the U.S. Securities and Exchange Commission. Goldman Sachs Group Inc. and Morgan Stanley are managing the sale."
WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.
Warner Music Decides on IPO RangeWarner Hears The Music From SpitzerWarner Music Takes Videos OnlineBaidu Faces The MusicWarner, Imeem Resolve Suit, Share MusicDOJ Interested In Digital Music PricingBronfman, Warner Music To Internet: GimmeWarner Music Sues Imeem For InfringementWarner Music Developing A Digital LabelWarner Inks Two New Mobile Content Deals
Comments
Post new comment