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flag Sony Music buys stake in Michael Jackson music catalog.

flag Sony Music has reached a deal to acquire a 50% stake in the music catalog of the late Michael Jackson for a valuation of over $1.2 billion, according to two sources. flag The deal involves Sony purchasing a portion of Jackson's recorded music and songwriting catalogs, which include hits such as "Beat It" and "Bad," as well as songs from other artists within the Mijac publishing catalog.

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