http://www.bloomberg.com/news/artic...jackson-s-stake-in-music-unit-for-750-million
Sony Corp. reached an agreement with the estate of Michael Jackson to acquire the late pop star’s interest in their joint music business for $750 million.
The terms call for Sony to make a lump sum payment of $733 million for Jackson’s 50 percent stake in Sony/ATV Music Publishing, as well as distributions, according to a statement Tuesday.
Sony Corp. reached an agreement with the estate of Michael Jackson to acquire the late pop star’s interest in their joint music business for $750 million.
The terms call for Sony to make a lump sum payment of $733 million for Jackson’s 50 percent stake in Sony/ATV Music Publishing, as well as distributions, according to a statement Tuesday.