Sony said Friday 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% stake in Sony ATV Music Publishing, which owns the rights to several million titles.
According to a statement, it closed on the purchase after meeting conditions including regulatory approval.
Jackson became active in music publishing with Sony ATV Music Publishing in 1995, set up as a joint venture between Jackson and Sony, owns rights not just to the late King of Pop's hits, but songs by other music legends including The Beatles, Marvin Gaye, Bob Dylan, Kanye West, Pharrell Williams and Lady Gaga.
