Chrysalis announced in October it was again in sales talks with an unnamed party, with BMG, Bug Music and Imagem thought to be the frontrunners.

The BMG deal went through today. In a joint statement, the two parties say the acquisition is an important step in BMG's growth strategy.

BMG CEO Hartwig Masuch adds, "The acquisition of Chrysalis represents an important step forward in our strategy as we build a major, global music rights business. Chrysalis' extensive and high quality ...