TITLE

Sony may buy out BMG stake

AUTHOR(S)
Meza, Ed
PUB. DATE
June 2008
SOURCE
Daily Variety;6/11/2008, Vol. 299 Issue 47, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plans of German media giant Bertelsmann AG to sell its 50% share of Sony BMG to Sony Corp. Bertelsmann and Sony created Sony BMG in 2004 and agreed to hold onto their shares in the joint venture until 2009. However, according to a German newspaper, sale is likely to take place since Sony is eager to take over the whole company if Bertelsmann decided to sell its stake. Bertelsmann head Hartmut Ostrowski said the company is ready to assess all options for all units.
ACCESSION #
32616706

 

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