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Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash (Reuters)

Mediagazer · last updated

Reuters:
Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash  —  Bertelsmann (BTGGg.F) will combine its music division BMG with rival Concord in a deal that would create the world’s fourth …

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