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sonybmg.jpgSony will become the sole owner of Sony BMG after it buys out Bertelsmann’s 50% stake in the company, which will be rebranded as Sony Music Entertainment Inc. (My prototype for the new company’s logo is at left.) The sale’s rumored value? $1.5 billion. Yes, with a “B.” [Reuters]

9:00 AM on Tue Aug 5 2008
By Maura

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  1. by baconfat at 6:15 am

    @Captain Wrong: Seriously. BMG has practically no strong-selling catalog to speak of. Sony must be betting on the continued success of J Records and Dave Matthews Band.

  2. by Dead Air ummm Dead Air at 10:17 am

    I’m either going to have a lot of work for the next few monthes…or I’m so fired.

  3. by Maura Johnston at 10:31 am

    @Dead Air ummm Dead Air: Oh no :(

  4. by Captain Wrong at 12:58 pm

    $1.5 Billion? For real???

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