Joint M&A Deals Help Sony, Others Hone Growth Strategies

Law360, New York (January 10, 2013, 8:01 PM EST) -- A report this week that Sony and BMG are teaming up to bid for certain music labels being sold off by Universal Music Group is the latest in a string of joint M&A deals where companies are taking a “conquer-and-divide” approach to smarter, more selective growth.

In May, Collective Brands Inc. was sold to Wolverine World Wide Inc., Golden Gate Capital LP and Blum Capital Partners LP, which divvied up Collective's various shoe brands and retail assets. Bristol-Myers Squibb Co. and AstraZeneca PLC partnered to buy...
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