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Sony/ATV Head Martin Bandier's Memo to Staff Following Jackson Buyout: 'Very Positive News'

2016-03-18 00:30:42| Electronics - Topix.net

In the wake of the announcement that Sony will buy the Michael Jackson estate's stake in music publishing market leader Sony/ATV, that company's CEO Martin Bandier sent a letter to the company's employees thanking them for their hard work throughout an uncertain period. Sony has agreed to pay $750 million to the Jackson estate for its equity in Sony/ATV, a joint venture created in 1995.

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