Bertelsmann buys back minority stake

May 2006
Hollywood Reporter -- International Edition;5/30/2006, Vol. 394 Issue 31, p45
The article reports that Europe's biggest media company, Bertelsmann AG, will buy back the 25.1% stake owned by its sole minority shareholder, Groupe Bruxelles Lambert, for 4.5 billion. The buyback will be financed by medium-term loans from several banks. Bertelsmann plans to help pay off the loans within the next 12-18 months in part by auctioning off its BMG Music Publishing division. The division is estimated to be worth about $1.7 billion and will be offered to certain parties who have expressed interest.


Related Articles

  • BIT OF BERTELSMANN. Meza, Ed // Daily Variety;1/30/2006, Vol. 290 Issue 21, p14 

    The article reports on the plan of Groupe Bruxelles Lambert (GBL) to open their 25 percent shares of stock in Bertelsmann AG into public bidding. The shares were estimated to amount 6.6 billion dollars. The rest of the 75 percent shares were controlled by the Mohn family. GBL may seek the public...

  • Bertelsmann's public face. MEZA, ED; ZEITCHIK, STEVEN // Daily Variety;3/23/2006, Vol. 290 Issue 60, p1 

    The article reports on the plans of the Belgium-based holding company, Groupe Bruxelles Lambert to sell all or part of its 25 percent stake in the Germany-based private media conglomerate, Bertelsmann, headed by Chief Executive Officer, Gunther Thielen. The sale of the stocks would make the...

  • Bertelsmann buys Zomba Music. Bennett, Ray; Pryor, Peter // Hollywood Reporter -- International Edition;6/18/2002, Vol. 373 Issue 46, p75 

    Outlines the acquisition of Zomba Music by Bertelsmann AG in Germany. Financial terms of the deal; List of the artists of Zomba Music; Rank of Bertelsmann's BMG Entertainment among U.S. major record companies.

  • Bertelsmann AG tops the M&A headlines. C. M. O. // Private Placement Letter;7/26/2004, Vol. 22 Issue 30, p2 

    Reports on the approval of the merger between Sony Corp. and Bertelsmann AG. by the European Commission. Assessment of the merger between the two companies; Sales of recorded music; Creation of the world's second largest music company.

  • Music giants eye merger. Teather, David // Ad Age Global;Dec2000, Vol. 1 Issue 4, p15 

    Reports on the merger talks between two music companies, Bertelsmann and EMI. Roster of artists of the combined group; Concerns about the merger between EMI and Warner Music; Details on the EMI-Bertelsmann merger.

  • The German front. Margolick, David // Vanity Fair;Jun98, Issue 454, p120 

    Announces the acquisition of Random House, an American publisher, by Bertelsmann AG. What Random House includes; Value of the acquisition; Information on Georg von Holtzbrinck Publishing Group in Germany.

  • Lazard banker pens publishing epic. Garrity, Brian // Investment Dealers' Digest;12/14/98, Vol. 64 Issue 50, p27 

    Relates the story behind the merger between publishers Bertelsmann AG and Random House Inc. Impact of merger on the publishing industry; Antitrust objections raised to the merger's potential; Involvement of Lazard Freres & Co. in the merger transaction.

  • AOL's Competitor? Hmm... Miller, Karen Lowry; Klee, Kenneth // Newsweek (Pacific Edition);05/29/2000 (Pacific Edition), Vol. 135 Issue 22, p30 

    Reports on the acquisition of the United States portal company Lycos by Spain's Internet service provider Terra Networks. Deal with German media giant Bertelsmann; How Bertelsmann chief executive officer (CEO) Thomas Middelhoff aided Terra Networks chairman Juan Villalonga in talks with Lycos...

  • Freebies Forever. Fragala, Karen // Newsweek (Pacific Edition);5/27/2002 (Pacific Edition), Vol. 139 Issue 21, p5 

    Reports on the purchase of Napster by German media conglomerate Bertelsmann. Outlook for the success of Napster in selling legal music downloads via the Internet; Competition between Napster and other companies.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics