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Aug 6, 2008 · Sony on Tuesday agreed to buy Bertelsmann out of Sony BMG, giving the Japanese electronics group control of the world’s second largest record company for an initial $600m while allowing the...
- Gwen Robinson
Sep 30, 2008 · New York, October 1, 2008 – Sony Corporation today announced that it has completed the acquisition of Bertelsmann’s 50% stake in Sony BMG, which was originally announced on August 5, 2008. The music company, to be called Sony Music Entertainment Inc. (SMEI), is now a wholly owned subsidiary of Sony Corporation of America. SMEI is comprised ...
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Did Sony merge with Bertelsmann?
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The company signed a content deal with the popular video sharing community YouTube [citation needed]. On August 5, 2008, Sony Corporation agreed to buy Bertelsmann AG's 50 percent stake in the music company for $1.2 billion to get full control. The music company was renamed Sony Music Entertainment and became a unit of Sony Corporation of America.
- August 6, 2004; 19 years ago
- Joint venture (Delaware general partnership)
- David Gordon (chairman, Sound & Vision)
Mar 26, 2024 · BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent ...
Jan 12, 2004 · Bertelsmann AG and Sony Corp. have officially notified the European Union’s competition commission of their plans to combine their recorded music businesses. A Bertelsmann spokesman...
Aug 6, 2004 · By Andrew Dansby. August 6, 2004. Sony Corp. and German multi-media company Bertelsmann AG have finalized the merger of their music units to form Sony BMG Music Entertainment this week....
An EU court has overturned the European Commission's approval of the merger between the music divisions of Sony and Bertelsmann, forcing the companies to apply again.
