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Bertelsmann fattens music label.
Byline: Peter Lauria
Clive Calder ended the independent reign of his Zomba Music Group on Tuesday, June 11, by agreeing to transfer control of the company to minority partner Bertelsmann AG in a deal valued at about $2 billion.
On announcing the deal, Calder appeared keenly aware of the stir it would create.
"While the exercise of this option will undoubtedly be a surprise to many in the music industry, this is a natural culmination of many years of close business ties and a complex series of agreements negotiated 12 years ago," he said in a prepared statement.
Calder founded Zomba in London in 1975 and built the company into an industry …
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