Marketwatch is reporting this morning that a British newspaper has published a story stating private equity firm Providence Equity Partners is considering buying out Sony’s stake in music publisher Sony BMG. Sony owns a slight majority stake in the firm, with German publisher Bertelsmann owning the minority stake.
Sony may be considering exiting the joint venture after the highly contentious affair last winter, where Sony BMG CDs were found to contain copy protection that used rootkit-like defenses. Analysts believe the Sony brand may have taken a beating as a result.
Read the full story here… (Marketwatch)