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Sony Buys Out Michael Jackson Estate’s EMI Share For $288M

In May this year, Sony said it had reached an agreement with a consortium led by Mubadala Investment Company to acquire the 60% stake in EMI Music Publishing held by the Abu Dhabi sovereign wealth fund. The $2.3B cash deal, which is subject to certain closing conditions and regulatory approvals, was to give Sony about 90% of the equity in the EMI catalog with the rest held by the Michael Jackson estate. In its earnings notice this morning, Sony revealed it has this month…Deadline https://ift.tt/2NZ27lf July 31, 2018 at 08:50AM

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