Michael Jackson Bailout Said to Be Close
LEEDS, Jeff / Andrew Ross SORKIN (13/4/2006), URL:
www.nytimes.com/2006/04/13/business/media/13music.html
Michael Jackson, the onetime pop-music king who has endured a lengthy slide toward insolvency, is close to a deal that would keep him from bankruptcy by refinancing hundreds of millions of dollars in loans, people briefed on the plan said last night.
As part of the transaction, he will also agree at some point in the future to give up a part of a prized asset