Bertelsmann, the Mohn family-owned international media company, has finally cut its ties with Sony BMG, the ill-fated joint venture signed with the Sony Corporation to create the world's second largest recording company.
Bertelsmann's sale of its 50% stake in Sony BMG back to Sony has now cleared all antitrust hurdles and the undisclosed purchase price has changed hands.
The divestiture signals Bertelsmann's withdrawal from the recorded music business and its move into music rights management under its BMG Rights Management subsidiary.