Germany's Bertelsmann looking to take on China not America
Published: Wednesday, March 26, 2008
By SDHGerman media giant Bertelsmann may be getting out of America if and when they sell off their book businesses and their 50% stake in Sony BMG. But they are getting into China even more. The company via its pan-European TV division RTL Group, has acquired a 16.5% stake in production group-ad agency Ad Society But the purchase seemed to have been approved after RTL issued public apologies through it's German channels and its news web N-TV for misrepresentations of the unrest in Tibet and Nepal. Bertie really has no love for America huh! Bertelsmann has long been exploring the Chinese market and in 2005 inked a joint venture with the Liaoning Publishing Group to launch Bertelsmann China Direct Group to sell books in the country. Labels: ACQUISITIONS, BERTELSMANN |



Comments on "Germany's Bertelsmann looking to take on China not America"
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Anonymous said ... (12:15 PM) :
post a commentThis is a real loser for an operation.
They recently fired their CEO.
j.
Are these sandals for sale?
I want to walk on them.
Agreed.
I fell sorry for China if Berteslamm gets bigger there.
What more can a sane person say?
Bertelsmann - China
For further details visit the website: www.new-business.de
Can you translate it?