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Penelope Dreyfuss Press Release - Garrardassociates.com |
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27 AUG |
Sony to Buy Bertelsmann's BMG Stake for Nine Hundred Million US Dollars |
| Sony Corp. will buy Bertelsmann AG's 50 percent stake in Sony BMG Music Entertainment for Nine Hundred Million US Dollars to gain full control of the world's second-largest record company and artists including Britney Spears and Justin Timberlake. The music company will be renamed Sony Music Entertainment Inc. and will become part of Sony's U.S. unit, according to a joint statement today. Gueter ... |
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