Sony Music Acquires Michael Jackson Estate’s Share of EMI Music Publishing

Sony Music has announced that it has acquired the share of EMI Music Publishing owned by Michael Jackson’s estate. According to Billboard, the deal cost a total of $287.5 million and will secure Sony’s full ownership of the company. 

Sony began a motion for the complete acquisition of EMI back in May for a total of $2.3 billion. Sony is also set to take on EMI’s $1.4 billion debt. However, before the deal can be finalized, it must be vetted by regulatory agencies.

Once finalized, this deal will aid Sony in its overall goal in playing a bigger role in the music business globally, according to Sony President Kenichiro Yoshida.

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