The sale of Warner Music Group (WMG) to an investment group led by former Seagram executive Edgar Bronfman Jr. is expected to close Sunday (Feb. 29), with funds for the $2.6 billion deal being wired t

The sale of Warner Music Group (WMG) to an investment group led by former Seagram executive Edgar Bronfman Jr. is expected to close Sunday (Feb. 29), with funds for the $2.6 billion deal being wired to Time Warner Monday morning.

Next week, the new owners -- which include Bronfman's Lexa Partners, Thomas H. Lee Partners, Bain Capital and Providence Equity Partners -- are expected to begin revealing their plans for the restructuring of the company.

One major move has already taken place, with former Island Def Jam chairman/CEO Lyor Cohen having been installed as WMG's chairman/CEO of U.S. Recorded Music.