Sony Corp. is denying a published report that the conglomerate is considering an IPO of its U.S.-based entertainment assets.

Sony Corp. is denying a published report that the conglomerate is considering an IPO of its U.S.-based entertainment assets.

According to the reports, the public offering would be used as a part of a larger financing strategy linked to a private equity-backed bid for movie studio MGM and the merger of its recorded music business with BMG.

The report says the IPO may not come for another three or four years, if it happens at all.

Questions? Comments? Let us know: @billboardbiz

Print