According to reports in the New York Post, Sony is likely to buy out Michael Jackson's co-ownership of the Sony/ATV publishing company.
The deal would suit both sides. Jackson needs to raise more money to fund his expensive defence against the ongoing child abuse allegations, plus a $200 million bank loan secured against his stake in Sony/ATV is due next December. Sony are known to be increasingly frustrated of Jackson's power over the publishing company - in particular his right to veto acquisitions. Plus, since the SonyBMG merger, ownership of the company has returned to Sony Corp of America, rather than Sony Music, and SCA chief Rob Wiesenthal is said to be interested in expanding the company.
According to the Post no formal deal has yet been struck, but Sony has been talking to Jackson's attorney and financial advisor, and insiders reckon the sale could be done well before the bank loan runs out. Sony is likely to pay in the region of $500 million for Jackson's share.