Sony Pays Jackson Estate $287.5 Million to Buy Minority Stake in EMI Publishing
Sony paid Michael Jackson’s estate $287.5 million for the 25.1 percent stake in Nile Acquisition that it didn’t previously own, said Sony Tuesday. Nile owns 40 percent of EMI Music Publishing, which Sony will make a subsidiary after it buys…
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the majority share from a Mubadala Investment consortium under a definitive agreement announced June 29, it said.