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Shares in Sony Corp. traded higher on Wednesday after the electronics maker said it had agreed to buy Bertelsmann’s 50 percent stake in their Sony BMG music joint venture for around $900 million.
BERLIN — Sony was set Tuesday to take full control of the world’s second largest recorded music company after German media giant Bertelsmann said it would quit their Sony BMG joint venture.
MOSCOW - August 5, 2008: Pirelli & C. SpA, Russian Technologies State Corporation and the Government of the Samara Region signed an agreement in the context of the negotiations currently underway between Pirelli and Russian Technologies State Corporation aiming to set up an industrial joint venture in Russia.
LOS ANGELES - Bertelsmann AG will sell its 50-percent stake in Sony BMG to Sony Corp. in a $900 million deal, the companies announced Tuesday, giving the Japanese company full ownership of the joint venture whose roster of artists include Alicia Keys and Leona Lewis.
FRANKFURT, Germany (AP) _ Bertelsmann AG will sell its 50-percent stake in Sony BMG to Sony Corp. in a $1.2 billion deal, the companies announced Tuesday, giving the Japanese company full ownership of the joint venture whose roster of artists include Alicia Keys and Leona Lewis.