Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Latest on MJJC
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
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