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Bertelsmann Ordered to Pay $260 Million Over Sale of AOL Europe Stake

Authored by Mark Hefflinger on January 30, 2004 - 2:09am.
New York -- German media conglomerate Bertelsmann has been ordered by a federal judge to pay two entrepreneurs a jury-awarded sum of $260.8 million, for failing to provide them an equity ownership interest after the formation and sale of AOL Europe, Reuters reported. Judge James W. Brown said Jean Henric Buettner and Andreas von Blottnitz are owed the payout, part of the $7 billion Bertelsmann received when it sold its stake of the AOL Europe joint venture with Time Warner back to the company in 2000.
http://makeashorterlink.com/?D16042047 
http://www.bertelsmann.com
tags: Bertelsmann | AOL | Europe Stake |

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