Fergie's Tech Blog

Universal Reported to Buy BMG for $2 Billion

An AP newswire article by Alex Veiga, via SFGate.com, reports that:

Vivendi SA's Universal Music Group has reached a tentative agreement with German media company Bertelsmann AG to acquire BMG Music Publishing for $2.05 billion, a person familiar with the deal said Tuesday.

The agreement was expected to be signed as early as Wednesday, according to the person, who spoke on condition of anonymity, citing the confidential nature of the negotiations.

posted by Fergie @ 9/05/2006 06:29:00 PM