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October 02, 2008

Sony completes BMG buyout...

Variety | Read Full Story >

Sony Corp. has completed its acquisition of German media giant Bertelsmann’s 50% stake in their Sony BMG joint venture.

Company, now a fully owned subsidiary of the Japanese electronics and entertainment giant, will be known as Sony Music Entertainment. It is the second largest music company in the world with a 22.8% marketshare in U.S. album sales.


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