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1 billion for 25% of SONY ATV? who knows what this file mean exactly?
- Thread starter mkgenie
- Start date
well if you posted the whole document it would be easier to make sense.
I'm assuming that this is from 2006 Sony/ATV refinancing deal. And yes that deal gave Sony the option to purchase half of Michael's share (in other words the 25% of the catalog). Also let me add that they did not use that option.
As for what it means. It shows that the Sony/ATV catalog is valued at 1 billion at that time. So if purchased the price will be the higher of either 25% times 1 billion(minus debt if any - if there's not any debt it would equal to $250 million) or 50% of principal loan (which cannot be more than $150 million).
In a more simplified way it tells us that 1)sony has the option to buy the 25% of the catalog (half of Michael's share) 2) the purchase price for 25% of the Sony/ATV catalog is to be between $250 million and $150 million and 3) any money that MJ gets from the sale first goes to loan and tax payments.
I'm assuming that this is from 2006 Sony/ATV refinancing deal. And yes that deal gave Sony the option to purchase half of Michael's share (in other words the 25% of the catalog). Also let me add that they did not use that option.
As for what it means. It shows that the Sony/ATV catalog is valued at 1 billion at that time. So if purchased the price will be the higher of either 25% times 1 billion(minus debt if any - if there's not any debt it would equal to $250 million) or 50% of principal loan (which cannot be more than $150 million).
In a more simplified way it tells us that 1)sony has the option to buy the 25% of the catalog (half of Michael's share) 2) the purchase price for 25% of the Sony/ATV catalog is to be between $250 million and $150 million and 3) any money that MJ gets from the sale first goes to loan and tax payments.
elusive moonwalker
Guests
yeah and the option only lasted x amount of time which is long goneI'm assuming that this is from 2006 Sony/ATV refinancing deal. And yes that deal gave Sony the option to purchase half of Michael's share (in other words the 25% of the catalog). Also let me add that they did not use that option.
exactlyyeah and the option only lasted x amount of time which is long gone