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The Beatles lost control of Northern Songs (their publishing company) after their publisher, Dick James, and his partner Charles Silver sold their percentage in the company to Sir Lew Grade's ATV (Associated TeleVision) in the spring of 1969. Rather than be minority partners in their own company, John Lennon and Paul McCartney decided to "cash out", and sell their own shares to ATV. (George Harrison and Ringo Starr kept their shares in Northern Songs, which together amounted to about 1.8% of the company.)

ATV auctioned the company in 1985; Michael Jackson was the winner, who'd outbid Paul McCartney.

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