Those merger rumors can be put on hold for the time being. Today Warner Music Group announced it has acquired Ryko Corp for $67.5 million. The press release touted the deal as a way to expand WMG's legendary music catalog -- Ryko owns catalogs of such labels as Restless and Hannibal -- and integrate it with its own Rhino Entertainment to create "new catalog-related business opportunities." The press release also said Ryko Distribution will work side-by-side with WMG's independent distributor, ADA. Coolfer's over/under for some aspects to be merged and some jobs to be lost at Ryko Dist and ADA: eight months.

Read the entire press release after the jump.

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