Bertelsmann Selling Out To Sony?
Reports are surfacing that Bertelsmann is currently in talks to sell out their share of Sony BMG to Sony. Other rumors are circulating that the sell off may only include a portion of the joint venture, but this seems unlikely considering Bertelsmann’s recent moves and quotes from CEO Hartmut Ostrowski.
The merger was finalized in 2004, but has sparked rumors of a split since the new year. Ostrowski recently confirmed suspicions, when he stated publicly in March, “We might take over 100%, or sell our 50% to Sony so that they have 100% or we might continue the joint venture…all three outcomes are possible.”