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Sony to buy Michael Jackson's stake in music publishing unit

Sony Corp said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing, the world's largest music publisher which controls songs such as The Beatles' "All You Need Is Love."

As part of the agreement, Sony will make a lump sum payment of about $733 million as well as distributions to the singer's estate, the company said in a statement on Monday.

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