Michael Jackson's Trials

Michael Jackson's Trials

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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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