Divestitures Greater Than $50M

August 11, 2008

Target: Sony BMG Music Entertainment (7389)

Pvd ent mgmt svcs

United States

JP MorganAcquiror: Sony Corp of America (3651)

Mnfr,whl audio,video prod

United States

CitiDeal InformationValue:

Type:

Announced:900.0

Acq. Maj. Int.

08/05/08US - Sony Corp of America (SC), a unit of Sony Corp, agreed to acquire a 50% interest which it did not already own in Sony BMG Music Entertainment, a provider of entertainment management services, from Bertelsmann AG (BA), a 76.9% owned unit of Bertelsmann Stiftung, for $900 mil. Originally, in June 2008, BA…

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