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Tuesday, October 23, 2012

BMG-KKR On the Same Page?

BMG-KKR ADD: Regarding this morning’s N.Y. Post story about Bertelsmann and KKR being at odds about how high they’d be silling to bid on a Parlophone acquisition from UMG, and whether it “could determine the fate of their joint venture” (see related story here), a BMG Chrysalis spokesman told us: “The N.Y. Post’s unnamed sources are either completely misinformed or they are deliberately disseminating misinformation. There are no immediate plans for a KKR exit from BMG, nor is there any link between a KKR exit and the outcome of any EMI-related process.” We'll see. (10/23p)

 
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