TOKYO: Sony Corp is in talks to buy
the 50 per cent stake it does not own in Sony BMG Music Entertainment from
Germany's Bertelsmann for more than 100 billion yen ($931 million), a business
daily reported on Tuesday.
The paper said the companies aim to reach
an agreement as early as August. Sony spokesman Atsuo Omagari declined to
comment on whether the company was in talks on such a deal.
The
Financial Times had reported last month that Bertelsmann was seeking $1.2
billion to $1.5 billion to pull out of the joint venture, and that the German
media group and Sony could strike a deal over the summer.
From : http://economictimes.indiatimes.com/
the 50 per cent stake it does not own in Sony BMG Music Entertainment from
Germany's Bertelsmann for more than 100 billion yen ($931 million), a business
daily reported on Tuesday.
The paper said the companies aim to reach
an agreement as early as August. Sony spokesman Atsuo Omagari declined to
comment on whether the company was in talks on such a deal.
The
Financial Times had reported last month that Bertelsmann was seeking $1.2
billion to $1.5 billion to pull out of the joint venture, and that the German
media group and Sony could strike a deal over the summer.
From : http://economictimes.indiatimes.com/
