There are no limits to what Bertelsmann will do to remain private

Bertelsmann AG, the German Media giant is so afraid of going public they are now rumored to planning a buyout of Groupe Bruxelles Lambert the minority shareholder who is pushing for an IPO. Bertelsmann said it will "fulfill its contractual obligations and prepare the listing of shares held by GBL," if requested, but it added: "Bertelsmann is also prepared for a buyback of GBL's stake at a reasonable price, if the shareholders reach an agreement." Bertelsmann said its managers and majority shareholders the Mohn family were "unanimously of the opinion that in the case of such a repurchase, Bertelsmann would be able to continue to invest in its businesses and maintain its solid financial standing." read...