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MY MUSIC CELEBRITY PHOTO ALBUM

Wednesday, August 6, 2008

Sony Buys Out Bertelsmann In Sony BMG.

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Sony is to purchase its 50% sake in Sony BMG music from joint venture partner Bertelsmann. The deal is said to have a transaction value of $1.5 billion. The music company, which will now be called Sony Music Entertainment, will become a wholly owned subsidiary of Sony.

Source: Reuters
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