The deal is based on a 50-50 valuation of the two assets, and there will be no cash payment, ... We have combined our assets with Sony's because we believe music will remain one of our core businesses.
More Quotes from Gunter Thielen:
While other global media companies are struggling with transition and the search for strategic and structural reorientation, the cornerstone of our traditional strategy has once again proven its worth,Gunter Thielen
We have made the necessary efforts in the last years to prepare for a possible IPO.
Gunter Thielen
We at Bertelsmann are resolutely staying our course of systematically building our business. The continuity of our company is secure,
Gunter Thielen
We are prepared for an IPO. Bertelsmann has developed strongly in the last years and increased its profits considerably.
Gunter Thielen
In short, we're prepared for an IPO. Bertelsmann has developed strongly in the last years and increased its profits considerably. Our divisions hold leading positions in their markets. Bertelsmann is an exciting company with a promising future.
Gunter Thielen
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Based on Topics: Business & Commerce QuotesThe pencil of the Holy Ghost hath labored more in describing the afflictions of Job than the felicities of Solomon.
Francis Bacon
I never stop looking for things to try and make myself better.
Barry Bonds
The class distinctions proper to a democratic society are not those of rank or money, still less, as is apt to happen when these are abandoned, of race, but of age.
W. H. Auden