Did Sony Overpay By $250 Million For Its Music Label? Or More?
...Sony's Howard Stringer is determined to make a go of it anyway, and he's willing to pay a premium. He's just purchased partner Bertelsmann's 50% stake in the Sony BMG joint venture. In an oddly structured deal, Sony will end up spending about $1.2 billion on the deal, but will end valuing Bertelsmann's half at $900 million
The details, via a...
