Trending on BillboardBMG Rights Management, a division of German media giant Bertelsmann, is in talks to acquire Concord, according to a new report from Bloomberg. Currently, sources tell Billboard that the two companies are in active talks but still negotiating the equity and stock components of the deal. Bob Valentine, CEO of Concord, is expected to lead BMG if a deal is reached, according to Bloomberg. Thomas Coesfeld, who has held the position of CEO at BMG since 2023, will take over leadership of Bertlesmann in January 2027. Both institutional investors have held stakes in Concord for more than a decade, and have said they are long-term investors in the firm.