TITLE

Bertelsmann eyes sell-off of music biz

AUTHOR(S)
Roxborough, Scott; Szalai, Georg; Kolodny, Lora; Morrisin, Chris
PUB. DATE
March 2006
SOURCE
Hollywood Reporter -- International Edition;3/28/2006, Vol. 393 Issue 37, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that German media giant Bertelsmann AG is considering selling off its music business assets, including its 50 percent stake in Sony BMG Music Entertainment and its wholly owned unit BMG Music Publishing, sources familiar with the company's plans said Monday. Analysts put the total value of Bertelsmann's music assets at $3.5 billion-$4 billion, with Sony Corp., Vivendi Universal SA's Universal Music Group, the Warner Music Group and private equity firms among the possible bidders.
ACCESSION #
20487379

 

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