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Industry: Email Alert RSS FeedBMG buys competitor Columbia House
DSN Retailing Today, May 23, 2005
FRANKFURT, GERMANY -- German media company Bertelsmann AG announced it is buying the New York-based DVD and music club Columbia House. Terms of the deal were not disclosed, under which the Guetersloh-based company's BMG division will acquire Columbia House. Citing people familiar with the deal, The Wall Street Journal reported it was worth approximately $400.1 million.
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