German media group Bertelsmann has reportedly purchased BMG Rights Management outright. Originally the owners of 49% of the company, Bertelsmann bought the remainder of the company at roughly $390 million. It is believed that an agreement was reached very quickly once negotiations started. That said, the agreement is subject to regulatory approval. No word yet on how this could impact BMG artists such as Bruno Mars, Johnny Cash, and Will.i.am. [AlLindstrom]