Bertelsmann family plan

Zeitchik, Steven
July 2006
Daily Variety;7/6/2006, Vol. 292 Issue 2, p1
Trade Publication
The article reports that shares of private media conglomerate Bertelsmann Family will be thrown open to the public when it made its acquisition of the 25% stake held by Group Bruxelles Lambert (GBL). The purchase will cost Bertelsmann around 5.8 billion. Owned by Reinhard and Liz Mohn and their children, the company plans to sell the BMG Publishing unit for $2 billion, but it try to sell part or all of its 50% piece of Sony BMG. The firm would try to financially optimize its investment.


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