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Warner Music Files for $750 Million IPO
Summary from multiple countries, from articles in English
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Nearly a year after a group of investors led by Chairman and Chief Executive Edgar Bronfman Jr. completed its purchase of Warner Music Group, officials took the first formal step Friday toward taking their company public. (article 2)
The filing didn't disclose how many shares would be sold, but proceeds would be used largely to pay back investors in the music group, whose artists include Madonna, Linkin Park, Michelle Branch and Josh Groban . (article 1)
Warner Music is to raise up to $750m ($390m) by selling some shares in the company, a year after private investors bought the firm from Time Warner. (article 5)
In its Securities and Exchange Commission statement, the company did not estimate how many shares or at what price it planned to offer its stock, but said shares will be sold by both the company and several shareholders. (article 3)
Warner Music, one of the world's largest record companies, plans to list its stock on either the New York Stock Exchange or on the Nasdaq. (article 3)
The company's IPO plans emerged as the music industry shows signs of recovery following years of sagging sales blamed on the rise of illegal downloading and digital piracy. (article 4)
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Other summaries about this story:
Event tracking:
Story keywords
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warner, music, bronfman, sales, billion |
Source articles
- BRONFMAN DRAWS $6.2M FROM MUSIC IPO (NY Post, 03/12/2005, 235 words)
- Warner Music Files for $750 Million IPO (CBS News, 03/12/2005, 577 words)
- Warner Music files for $750M IPO (USA Today, 03/11/2005, 436 words)
- Warner Music Going Public (CBS News, 03/11/2005, 306 words)
- Warner Music seeks to raise $750m (BBC News, 03/11/2005, 275 words)
- CBC News Online | Updated (cbc.ca, 03/12/2005, 475 words)
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blaster@cs.columbia.edu
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