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A formal announcement is expected tomorrow, but AP is reporting that the deal is done. Purchase price is said to be $2.05 billion. It will make Vivendi the world's largest music publisher, ahead of EMI and Warner/Chappell Music. Also making a run at BMG was Viacom, Warner Music and a couple of U.S. private equity firms. Paris-based Vivendi owns Universal Music, and it still holds a 20 percent interest in NBC Universal. Company profile.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.