Bertelsmann Confirms Buyback Bertelsmann will pay approximately $5.8 billion to buy back the 25 percent stake in the company held by GBL, preventing a public offering of the shares. In a letter to employees signed by Gunther Thielen and Liz Mohn, they declare that “the price is reasonable, taking into account the strong current trading as well the positive outlook for next years.” The company will finance the repurchase with a bridge loan, and plans to sell off its BMG Music Publishing business to help pay down the loan. That unit is expected to be worth between $1.4 billion and […]
