Bertelsmann buys KKR’s stake in music rights group BMG

FRANKFURT (Reuters) – Bertelsmann, Europe's largest media company, is buying private equity firm KKR's stake in their joint venture music rights management company BMG. The German group, best known for its TV arm RTL and publisher Random House, said on Friday the deal would close during the first half of the year, adding it would not disclose financial terms. A person familiar with the matter …

via House Music – Yahoo! News Search Results–sector.html

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