Sony BMG Could Be Put Up For Sale

So says this FT story…World’s third largest music label Sony BMG‘s half owner Bertelsmann is making preparations to sell its music companies as it prepares to fight for its own status as a private company.

A sale could be worth an estimated $2.4 billion, and would help Bertelsmann finance a buy-in of all or most of the 25 per cent stake held by Groupe Bruxelles Lambert (GBL), its only outside investor, otherwise GBL could possibly trigger for an IPO.

Among the possible bidders: Vivendi Universal, owner of the largest recorded music company, and other private equity groups.

Related: Sony BMG’s Digital Music Revs in 2005: $180 Million