Bertelsmann plans sale of BMG Music Publishing to Vivendi for 1.63 bln euros
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German media giant Bertelsmann has said it had agreed to sell its BMG Music Publishing unit to French group Vivendi in a 1.63-billion-euro (two-billion-dollar) deal that would make Vivendi the biggest music publishing group in the world ahead of EMI.
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BRUSSELS, Belgium -- EU regulators gave Universal Music Group clearance Tuesday to buy BMG Music Publishing for about $2.09 billion in a deal that will create the world's largest music publishing company.
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German media company Bertelsmann AG said Wednesday that profits climbed sharply in the first half of this year, boosted by a turnaround at its BMG music unit and a strong performance by broadcaster RTL Group.
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Viacom Inc.'s MTV Networks said Friday it will buy Harmonix Music Systems Inc., a developer of music-themed video games, for $175 million in cash.
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Media group Bertelsmann agrees to sell its BMG Music Publishing to Vivendi's Universal Music for 1.63bn euros.
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Bertelsmann AG has agreed to pay &#36;50,000 to settle a copyright infringement lawsuit brought by a music publisher over the German media conglomerate's one-time role as investor in the now-defunct Napster Inc. file-sharing service.
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The British publisher Emap has said that it planned to offer its shareholders 75 percent of the proceeds from the sale of its French division to Italian publisher Mondadori.
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Independent record companies said Wednesday they have decided to file a court challenge to the merger of Sony Music and BMG, the music unit of Germany&#39;s Bertelsmann.
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Philips Electronics, Europe&#39;s largest maker of CD players, said Thursday that it had sold its 3 percent stake in Vivendi Universal, owner of the world&#39;s biggest music company.
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The EU launches a probe into Universal Music's proposed $2.1bn takeover of music publishing rival BMG.
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The French media and telecommunications group Vivendi Universal said it would earn 1.5 billion euros (1.9 billion dollars) from the sale of a 15 percent stake in the utilities and water company Veolia Environnement.
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Universal Music Group has settled litigation against Germany's Bertelsmann AG over its $85 million investment in the original peer-to-peer service Napster.
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: Bertelsmann, the worldâs fourth-largest media group, is looking for acquisitions which could include part of the British Broadcasting Corporation, after its music and TV units helped triple half-year profits.
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German broadcaster ProSiebenSat.1 is to be sold to a consortium of US and European private equity firms.
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Vivendi's Universal Music has agreed to   buy BMG Music Publishing for 1.63 billion euros ($2.1 billion)   in a long-expected deal that makes the world's biggest seller   of recorded music also the largest in music publishing.
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Vivendi Universal SA, owner of the world&#39;s largest music company, said it will sell a 15 percent stake in Veolia Environnement SA to cut debt and focus on its media business.
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.