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’Bertelsmann forms music duo with KKR
Bertelsmann, the German media group, has launched a new music publishing venture with Kohlberg Kravis Roberts to acquire catalogues of songs with about €250m of financing from the US private equity group,
Bertelsmann eyes sale of RTL stake
Bertelsmann, Europe’s largest media group, has indicated it could sell 15% of RTL, the TV group, to finance a large acquisition, possibly the UK’s ITV. The move suggests Hartmut Ostrowski, chief executive,
Sony to buy out Bertelsmann
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 German media group to claim proceeds of $1.5bn.
Bertelsmann in talks over Sony BMG stake
Bertelsmann, the German media group, is seeking $1.2bn-$1.5bn for its half share in Sony BMG after opening talks that could result in Sony gaining full control of the world’s second-largest music company within weeks.
Pearson to sell German FT Stake
Pearson, owner of the FT, said Wednesday it agreed to sell its 50% stake in the FT Deutschland newspaper to a unit of German media giant Bertelsmann AG, as expected, reports the Wall Street Journal. Bertelsmann,
Bertelsmann seeks final 10% of RTL
Bertelsmann has approached its subsidiary RTL Group of Luxembourg about buying the 10% of Europe’s largest television broadcasting company that the German media conglomerate doesn’t already own, reports the Wall Street Journal,
Pearson eyes sale of FT Deutschland stake
Pearson, publisher of the FT, is understood to be considering the future of FT Deutschland after receiving a proposal to buy its 50 per cent stake in the FT’s German-language sister paper from the publisher of Der Spiegel.
Reversing RTL into ITV — here’s the theory
There was a fresh outbreak of speculation on the future ownership of broadcaster ITV on Friday following a report on More 4 television news saying German broadcaster RTL was in active discussions with BSkyB over the latter’s 17.9 per cent stake in ITV.
Universal Music, Bertelsmann unit, get EU approval
The European Commission cleared Vivendi’s Universal Music business to buy Bertelsmann’s music-publishing arm, with the condition that several song copyrights be sold off, reports the Wall Street Journal.
Bertelsmann’s equity fund – a new model?
News of Bertelsmann’s plan to set up a €1bn equity fund with buy-out groups Citigroup Private Equity and Morgan Stanley Principal Investments has some commentators hailing a new model for acquisitive companies that envy the returns and buying power of private equity.
Bertelsmann sleeps with the enemy
German media giant Bertelsmann finds itself in cahoots with a pair of private equity firms, after shaking off the concerns of many of its fellow countrymen and establishing a new investment partnership,