Bertelsmann says has enough cash to buy Zomba
German media giant Bertelsmann AG has enough cash to buy the shares it does not own in record company Zomba – home of Britney Spears and ‘N Sync – if founder Clive Calder ever decided to sell, the Financial Times reported on Monday. “Not only would we have the money, but I would be very happy since it is one of the most profitable record companies around. It would be a great asset for us,” Bertelsmann Chief Executive Thomas Middelhoff told the paper. “If you consider the kind of valuation on which a company like (British music group) EMI is… Read more »
