https://www.variety.com/article/VR1117990075.html?categoryid=19&cs=1

“Sony Corp. became the sole owner of the world’s second largest music
company in the world Tuesday, putting the company in a position to integrate
music with electronics and possibly begin to offer shared rights deals with
artists.
Sony agreed to buy the 50% stake in Sony BMG held by German media giant
Bertelsmann in a deal valued at $1.2 billion.
Sony BMG will initially pay Bertelsmann about $600 million in cash. Sony
Corp. of America will then purchase the remaining interest for about $600
million. As a result, Bertelsmann will receive approximately $900 million in
value for its 50% stake plus $300 million of its share of cash on Sony BMG’s
balance sheet. Sony views this arrangement as a net cash cost of about $600
million as it does not consolidate Sony BMG’s cash.
The music company, to be called Sony Music Entertainment, will be a wholly
owned subsidiary of Sony Corp. of America.”