We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

In Vivendi Buyout, BMG Buries Napster Hatchet

Law360 (September 6, 2006, 12:00 AM EDT) -- The world's largest seller of recorded music, Vivendi’s Universal Music, said on Wednesday it has agreed to purchase BMG Music Publishing in a €1.63 billion deal, as BMG’s parent company simultaneously revealed it will shell out $60 million to Vivendi to end long-running legal wrangling tied to the Napster case.

“The acquisition of BMG Music Publishing is a unique opportunity to grow our music publishing business and enhance the value of Universal Music Group at a time when the music market is improving, supported by technological...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.