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BMG duet is over as Sony goes solo


August 05, 2008 Sony completed its buyout of Bertelsmann's 50% stake in their joint music label Sony BMG on Tuesday, but the deal's tricky math had the companies and observers touting different price tags Tuesday. In a filing with the U.S. Securities and Exchange Commission, Sony said it will pay Bertelsmann $600 million for its stake plus leave Bertelsmann the $600 million in cash that is on the joint venture's balance sheet. Rebranded Sony Music Entertainment, the group controls such imprints as Arista, Columbia, Epic, Jive, J and Zomba and boasts a stable of artists that includes Justin Timberlake, Alicia Keys, Usher and Bruce Springsteen.

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