Top US firms Davis Polk & Wardwell and Paul Weiss Rifkind Wharton & Garrison have landed roles on the $1.2bn (£616m) sale of German music company Bertelsmann's 50% stake in Sony BMG to Sony Corp. The deal will see the Japanese music giant take full control of the Sony BMG joint venture that was created in August 2004.The newly-formed company will be called Sony Music Entertainment Inc (SMEI) and will be a wholly-owned subsidiary of Sony Corp.
August 06, 2008 at 01:17 PM
1 minute read
The original version of this story was published on Legalweek
Top US firms Davis Polk & Wardwell and Paul Weiss Rifkind Wharton & Garrison have landed roles on the $1.2bn (£616m) sale of German music company Bertelsmann’s 50% stake in Sony BMG to Sony Corp.
The deal will see the Japanese music giant take full control of the Sony BMG joint venture that was created in August 2004.
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