BMG Rights, a joint venture between German media company Bertelsmann and private quality firm KKR, has long been seen to be the leader in the race to buy the world's second-biggest music publishing company. However, reports suggest it has ultimately been beaten out by Sony/ATV, backed in its bid by debt financing firm UBS and equity from Abu Dhabi firm Mubdala and private equity firm Blackstone Group. The deal is said to be for $2.2 billion (?1.4 billion) and if ...