Latham & Watkins Helps Bug Music In Sale To BMG

Law360, New York (September 12, 2011, 12:01 PM EDT) -- BMG Rights Management, a joint venture of Bertelsmann AG and Kohlberg Kravis Roberts & Co., and private equity firm Spectrum Equity Investors said Monday they had agreed to buy music publisher Bug Music Holdings Inc., which is controlled by Spectrum and Crossroads Media Inc.

The deal is expected to close in October, and financial terms were not disclosed.

"The scope and scale of Bug Music's catalog today reflects Spectrum's commitment to investing in profitable franchises with clear potential for growth, and then working actively with our...
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