Charles Koppelman Marty Bandier Channel Seven Perth Telethon due diligence
In June 1985, Jackson and Branca learned that Charles Koppelman's and Marty Bandier's The Entertainment Company had made a tentative offer to buy ATV Music for $50 million; in early August, Holmes à Court contacted Jackson and talks resumed. Jackson's increased bid of $47.5 million (equivalent to $129 million in 2022) was accepted because he could close the deal more quickly, having already completed due diligence. Jackson agreed to visit Holmes à Court in Australia, where he would appear on the Channel Seven Perth Telethon. His purchase of ATV Music was finalized on August 10, 1985.
