Sony BMG Now Just Sony

By Jake Brown

October 2, 2008

Variety reports that Sony has completed its acquisition of BMG. It will now be known as Sony Music Entertainment.

"Bertelsmann will receive $1.2 billion dollars from the deal, including $300 million of its share of the cash on Sony BMG's balance sheet." Arigato, danke schön, etc.

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By Jake Brown, October 2, 2008
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