Len Blavatnik’s Access Industries sells another $351m in WMG stock to Morgan Stanley

Len Blavatnik’s Access Industries, the majority owner of Warner Music Group, has struck an agreement to sell 8.56 million shares of WMG’s Class A Common Stock to Morgan Stanley. Warner Music Group itself didn’t sell any shares in the offering, and won’t receive any of the proceeds. Morgan Stanley, as underwriter, is now expected to sell on the 8.56 million shares to investors through various channels.

Source: Len Blavatnik’s Access Industries sells another $351m in WMG stock to Morgan Stanley

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