CDNow, Columbia House end merger deal, plan 'strategic relationships'

Article Abstract:

CDNow Inc. (Fort Washington, PA) has ended its plan to merge with Columbia House (CH) and will instead get a cash infusion from CH's parent companies, Sony Corp. and Time Warner Inc.

Catalog and mail-order houses

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Cash-strapped CDNow finds a buyer in Germany

Article Abstract:

Online music retailer CDNow Inc., one of the best-known Internet firms in the Philadelphia area, will be acquired for $146 million in cash and assumed debt from Bertelsmann AG. The deal will give the German media conglomerate an established brand name in online music sales.

Foreign operations, Germany, Book publishing, Book Publishers, Pennsylvania, Publishing industry, Bertelsmann AG

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A new request for data is an off-key note for CDNow merger

Article Abstract:

The Federal Trade Commission is asking for more information from parent companies Time Warner and Sony before it approves the merger of CDNow Inc., an online music store and Columbia House, a mail-order company.

Government regulation, Brief Article

Similar abstracts:

• Abstracts: Inquiry by FTC delays merger; SmithKline Beecham and Glaxo Wellcome planned to unite Spet. 25. SmithKline says profits rose 10%

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