Sony Buys Out Bertelsmann

Posted on Aug 6, 2008

Sony has announced that it is buying Bertelsmann AG out of their 50-50 music venture for $900 million, giving it full ownership. It will be remaned, Sony Music Entertainment Inc. Sony is looking at music as an on-ramp to its bevy of electronic devices and is hoping that full ownership of the music content will give it an edge of Apple, who has dominated the market ever since the iPod/iTunes ecosystem debuted. In a filing with the...