close
This ad will auto close in 10 seconds

Sony considering sale of unit that owns Beatles songs: WSJ

Sony Corp <6758.T> is considering a sale of its Sony/ATV Music Publishing unit, which owns the rights to most of the Beatles` songs, the Wall Street Journal reported, citing the company`s leaked internal emails.

New York: Sony Corp <6758.T> is considering a sale of its Sony/ATV Music Publishing unit, which owns the rights to most of the Beatles` songs, the Wall Street Journal reported, citing the company`s leaked internal emails.

The unit, which Sony owns jointly with deceased pop star Michael Jackson`s estate, is estimated to be worth $1.5 billion-$2 billion, the Journal said. (http://on.wsj.com/13XrUTY)

Sony/ATV Music declined to comment on the report. 

It is currently not clear if Sony will sell its stake in the unit or the entire business will be put on the block, the Journal said.

The leaked documents do not indicate an expected price and the timing of a potential sale, the newspaper said. 

Sony is still reeling from the disclosures in documents released by computer hackers, which have exposed internal discussions key to the company`s future to public scrutiny.

From Zee News

0 Comment - Join the Discussions