MLB.com May IPO; Sell Minority Stake

(reg, req.) As I have mentioned before, the IPO mania is returning…this time, it may be Major League Baseball’s Internet division, MLB Advanced Media, which runs MLB.com. (Read the related story below on MLB tying up with MSN, AOL).

The Internet division has received valuations of more than $1 billion and MLB could sell a noncontrolling, minority stake, which would raise several hundred million dollars that would most likely be reinvested, according to this NYT story.

Bob DuPuy, COO of MLB, said that selling stock in the Internet business had been discussed periodically since 2001, but no decision has been made.

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