Sony closes on Michael Jackson’s stake in music publisher

AFP, NEW YORK: Sony said that it had closed its $750 million purchase of Michael Jackson’s stake in a music venture behind a vast trove of hit songs.
The Japanese company announced in March that it was buying the Jackson estate’s 50 percent stake in Sony ATV Music Publishing, which owns the rights to several million titles.
Sony on Friday in a statement said it closed on the purchase after meeting conditions including regulatory approval.
The European Commi-ssion announced on August 2 that it was approving the deal, seeing no threat to competition in the music market.

Sony closes on Michael Jacksons stake in music publisher

AFP, NEW YORK: Sony said that it had closed its $750 million purchase of Michael Jacksons stake in a music venture behind a vast trove ofhit songs. The Japanese company announced in March that it was buying the Jackson estates 50 percent stake in Sony ATV Music Publishing, which owns the rights to several million titles. Sony on Friday in a statement said it closed on the purchase after meeting conditions including regulatory approval. The European Commi-ssion announced on August 2 that it was approvingthe deal, seeing no threatto competition in the music market.