After weeks of rumors, Selection can affirm that the property of the Infamous B.I.G. and Major Wave Music have struck a partnership encompassing the late rapper’s music publishing and recordings, in addition to his identify, picture, and likeness. The property and Major Wave will collaborate on all enterprise shifting ahead.

The deal closed simply weeks after the rapper’s mom, Voletta Wallace, handed away final month. Nevertheless, sources say she was concerned in practically each facet of the deal’s negotiations.

Whereas phrases of the deal weren’t disclosed, the Wall Avenue Journal experiences that the property was valued at $200 million. “The property and Major Wave will collaborate on all enterprise shifting ahead in an effort to proceed the unbelievable and progressive work accomplished to date with one objective in thoughts, to maintain the legacy of the Infamous B.I.G. alive,” the corporate stated in a press release.

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