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Warner Music Group May Go Public

(CelebrityAccess MediaWire) — The Warner Music Group might go public, according to the Los Angeles Times. Edgar Bronfman Jr., is considering an initial public stock offering early next year. The IPO could raise about $5 billion; Bronfman bought the Warner Music Group from Time Warner Inc. in March for $2.6 billion. Time Warner apparently has an option to buy back as much as 15% of the company for three years after the deal was completed.

The paper speculated that the IPO would be used, in part, to pay back the investors who bankrolled Bronfman's purchase, including Thomas H. Lee Partners and Providence Equity Partners. –Bob Grossweiner and Jane Cohen