Music publisher agrees £1bn takeover

A music publishing group with the rights to songs by Robbie Williams and Coldplay agreed to a £1bn (€1.47bn) takeover deal today.

Music publisher agrees £1bn takeover
Wed, 06 Sep, 2006 - 13:48

A music publishing group with the rights to songs by Robbie Williams and Coldplay agreed to a £1bn (€1.47bn) takeover deal today.

BMG Music Publishing, which has a catalogue of more than one million songs including Christina Aguilera, Maroon5, Keane and Justin Timberlake, agreed to the sale as part of moves to clear €4.5bn of debt belonging to its owner Bertelsmann.

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CourtsBusinessHeathrowPerson: Robbie WilliamsPerson: Christina AguileraPerson: Maroon5Person: KeanePerson: Justin TimberlakePerson: BertelsmannPerson: Doug MorrisOrganisation: ColdplayOrganisation: BMG Music PublishingOrganisation: VivendiOrganisation: Universal Music GroupOrganisation: U2Organisation: The KillersOrganisation: FratellisOrganisation: Mercury RecordsOrganisation: PolydorOrganisation: Universal Motown RecordsOrganisation: Group DeccaOrganisation: VerveOrganisation: Sony BMGOrganisation: Sony
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