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Europe Daily Bulletin No. 9719

7 August 2008
Contents Publication in full By article 14 / 18
GENERAL NEWS / (eu) eu/competition
Sony buys out Bertelsmann but questions remain about market dominance

Brussels, 06/08/2008 (Agence Europe) - On Tuesday 5 August 2008, Japanese company Sony said that it is planning to take control of SonyBMG by buying up its German partner's stake (Bertelsmann). This would provide Bertelsmann with €900 million in a deal allowing Sony to achieve 'a deeper and more robust integration between the wide-ranging global assets of the music company and Sony's products', said Sony CEO Sir Howard Stringer. The creation of SonyBMG was authorised by the European...