Bertelsmann to Buy Out K.K.R.’s Stake in Joint Music Venture

Five years after its last exit from the music industry, Bertelsmann will take control of its restarted music company, BMG Rights Management, in a deal that values BMG at $1.4 billion. The company announced early Friday that it was buying the 51 percent stake of BMG owned by its partner, Kohlberg Kravis Roberts, Ben Sisario reported for The New York Times.

via House Music – Yahoo! News Search Results

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