Bertelsmann aims to keep some Sony-BMG assets
By Andrew Edgecliffe-Johnson in London and Gerrit Wiesmann in Frankfurt
Published: June 13 2008 23:26 Last updated: June 13 2008 23:26
Bertelsmann is seeking to retain an interest in the European music business if it sells its 50 per cent stake in Sony BMG to Sony , and is in talks with the Japanese electronics group to keep some of their joint venture’s assets.
The media group’s goal to retain a publishing catalogue and a recorded business seems aimed principally at home-market Germany, the world’s fourth largest music market, where Sony BMG operates labels Arialo and Gun.
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