Radio Facts editor kevRoss was a radiodj for many years working in many markets including monumental stations like KKBT in Los Angeles. There are some very interesting myths about radio DJs that the public just assumes. Well, we're here to tell you the truth about MOST DJs. Of course, there are exceptions to e
Sony has finished up its acquisition of EMI Music Publishing. The news was discovered in a filing with the SEC Wednesday. The merger is expected to give Sony nearly $1.3 billion in revenue.
News of the deal comes about three weeks after the EU Commission gave the deal regulatory approval.
However, back in 2012, Sony and other investors acquired EMI Music Publishing for $2.2 billion dollars. To finish the outright ownership deal that was valued at $4.75 billion dollars, Sony paid about $2.3 billion to buy out the other investor groups.
To get the deal done, Sony paid $287.5 million to the Jackson estate for its nearly 10 percent share. Sony also agreed to assume $1.359 billion in debt. According to the SEC filing,