Warner Music Group Files for IPO

Warner Music Group filed documents to sell shares to the public amid a streaming-fueled resurgence in the music industry

Access Industries Inc.’s Warner Music Group Corp. filed documents to sell shares to the public amid a streaming-fueled resurgence in the music industry.

The third-largest music company’s decision to pursue an IPO comes after Vivendi SA sold a 10% stake in Universal Music Group to Tencent Holdings Ltd. for €3 billion , valuing the world’s largest music company at over $33 billion.

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