Michael Jackson's Trials

Michael Jackson's Trials


The Ongoing Trials of The Late Michael Jackson

Sunday, May 08, 2005

Jackson's Debt Sold

It is reported that the Bank of America has sold Michael Jackson's loans, totalling $270M, to Fortress Investment Group, a New York-based private hedge fund.

The collateral for the loans includes Mijac, which owns Jackson's song catalogue, and his 50% stake in Sony/ATV Music Publishing, which owns the Beatles' catalogue.

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