9/6/2006

Vivendi to buy BMG, settles Napster claims

Filed under: — By Aviran Mordo @ 10:32 am

Vivendi’s Universal Music, the world’s largest seller of recorded music, is vaulting to the top spot in music publishing, too, after agreeing to buy BMG Music Publishing for 1.63 billion euros ($2.1 billion).

German media conglomerate Bertelsmann AG, BMG Music Publishing’s parent company, also said on Wednesday it would pay Vivendi $60 million to settle litigation related to financing it once provided to file-sharing service
Napster.

Source: Yahoo

 

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