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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
Aug 5, 2008 · As expected, Sony Corp (NYSE: SNE). and Bertelsmann AG have reached an agreement that has Sony buying Bertelsmann's 50 percent stake in Sony BMG for $1.2 billion. The music company will be...
Oct 2, 2008 · Bertelsmann's 50 percent stake in Sony (NYSE: SNE) BMG has been acquired by Sony Corp. in a purchase that values the entire company at nearly $1.8 billion, according to the WSJ. Under plans...
Oct 2, 2008 · Sony reportedly spent $600 million on the buy back. As one of the four major labels, Sony was responsible for roughly 24.1% of the album market share in the past nine months.
As a result, Bertelsmann will receive approximately $900mm in value for its 50% stake plus $300mm of its share of cash on Sony BMG's balance sheet. Sony views this as approximately $600mm net cash cost as it does not consolidate Sony BMG’s cash.
Aug 5, 2008 · Bertelsmann had once hoped to sell its share of Sony BMG for as much as $1.6 billion, according to industry executives. But in a difficult market, it settled for a $600 million cash payment,...
Aug 6, 2008 · Bertelsmann had once hoped to sell its share of Sony BMG for as much as $1.6 billion, according to industry executives. But in a difficult market, it was forced to settle for a $600 million...
