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Chrysalis, the music publishing group, has been acquired by a joint venture between Bertelsmann and Kohlberg Kravis Roberts for £107m.

Chrysalis has acquired First State Media Group, the Irish owner of publishing rights to 45,000 songs, for £11m.

Chrysalis, is to sell its Heart, Galaxy and LBC radio stations to Global Radio for £170m, in order to focus on music publishing.

Chrysalis has sold its book publishing division to a management buy-out for £12m.

Chrysalis is to acquire the 106 Century FM radio station in the East Midlands from GCap Media for £29m.

Chrysalis has sold CREL, the supplier of audio-visual solutions to the retail and leisure sectors, to a management buy-out for £0.7m.

Chrysalis and Eckoh Technologies have sold their Rivals Digital Media internet business to UKbetting for £2m.

Chrysalis, the music and media group, has announced plans to invest £15m in its new internet and digital radio operations.

Chrysalis is planning to build alliances with new media companies and internet start-ups, in order to develop new outlets for its radio and TV content.

Chrysalis Group has acquired Global Music Group, the German music publisher, for £4.2m, as part of a strategy to create a worldwide independent publishing network.

Chrysalis is to launch the Galaxy FM dance music radio station from two centres in Middlesbrough and Newcastle next summer, creating up to 70 jobs.

Chrysalis Group is acquiring Choice FM Birmingham, the dance music radio station, for £6m.

Chrysalis is to acquire Faze FM Radio, which runs Kiss 102 in Manchester and Kiss 105 in Yorkshire, for £17.5m.