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NEW YORK — AOL Time Warner Inc. and Sony Corp. have restarted talks about selling Columbia House, their jointly owned music and video direct-marketing club, to Bertelsmann AG, parent of Columbia’s main rival, BMG Direct, Wednesday’s Wall Street Journal reported.
If completed, the deal would combine the No. 1 and No. 2 music clubs in the U.S., creating a direct-marketing powerhouse.
Under one scenario being discussed, Bertelsmann would pay cash for about 80% of Columbia House.
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