Bertelsmann Reportedly In Talks To Buy 100% Of BMG Rights
February 20, 2013

Multinational company Bertelsmann is reportedly in advanced talks to buy out partner KKR's share of their joint publishing company BMG Rights. The New York Post reports that the two sides have been in discussions for almost a year about a sale. KKR owns 51 percent of BMG Rights, while Bertelsmann owns the remaining 49 percent.

Sources tell the Post that a deal is "imminent" but could still fall through, as the partners have yet to agree on a price tag. "They are very close to something with KKR, and the relationship is amicable," a source told the paper. "They will exit at a good multiple."

KKR has been a partner in BMG since 2009 and the Post notes that the private equity firm typically looks to exit from its investments after four or five years. Bertelsmann could also turn around and bring in another partner on BMG Rights, with Samsung a reported possibility.

Sources also told the Post that BMG is in the mix to potentially acquire Concord Music Group, which could sell for $125 million.




 
Breaking News
iHeartRadio Music Festival Returns To Las Vegas
Conclave Opens Rockwell Award Voting To The Industry
Baltimore's Queen Of Rock To Retire
ReverbNation Ups Simon Perry To Chief Creative Officer, Head Of A&R
Coleman Insights VP Chris Ackerman Retires
Ace & TJ Renew For Year 13 On WQEN
In Brief - March 31, 2015
March 30, 2015
Cumulus Names Tommy Page SVP Of Brand Partnerships
Conclave Opens Rockwell Award Voting To The Industry
Coleman Insights VP Chris Ackerman Retires
March 30, 2015
Larry Blumhagen Appointed VP/Director Of Sales For CBS Radio Los Angeles
In Brief - March 30, 2015
March 27, 2015
eQB NOW
KIIS FM Announces Wango Tango 2015 Line-Up
In Brief - March 27, 2015
March 26, 2015
Rock 'n' Roll Marathon Series Teams Up With iHeartMedia
Big D Named New APD/Morning Show Personality At KPLV
Triton Digital To Integrate Live Audio Broadcast Ads For MLBAM
Sinclair Broadcast Group Launches Digital Ventures Group
WERO Taps Robyn Banks For Nights
In Brief - March 26, 2015
March 25, 2015
Kannon Named Morning Host At KVIL
NAB Show Presents "Cocktails And Conversation" With Mel Karmazin
Sunday Night Slow Jams Expands Operations Team
The Orchard Acquires RoyaltyShare, Makes Strategic Investment In Korrect
Music News
Rolling Stones Set 15-City Zip Code Tour
Jay Z Launches Tidal Streaming Service
Ed Sheeran Tacks On Fall U.S. Tour
Quick Hits: Justin Bieber, Smashing Pumpkins & Marilyn Manson, Led Zeppelin, Alternative Press Music Awards, Walk Off The Earth, Lynyrd Skynyrd
Taylor Swift Tops iHeartRadio Music Awards
Quick Hits: Ariana Grande, Milky Chance, Billboard Music Awards, Rob Thomas, Christina Aguilera, Failure
Zayn Malik Discusses Exit From One Direction
Quick Hits: NCAA March Madness Festival, George Ezra, Saturday Night Live, Ozzy Osbourne, Duran Duran
Pitbull's Globalization Spreads To SiriusXM
Quick Hits: Rihanna, AWOLNATION, Three Days Grace, Zendaya & Radio Disney Music Awards, Bonnaroo, Audiotopsy
McCartney, Metallica To Headline Lollapalooza 2015
Zayn Malik Leaves One Direction
Kendrick Lamar Debuts Atop The Billboard 200
Quick Hits: Van Halen, Britney Spears / Iggy Azalea, A$AP Rocky, The Library of Congress
Lineup Announced for iHeartRadio Country Festival
FMQB NOW

Pat Paxton
Pres. of Programming
Entercom

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!