The acquisition includes a royalty income stream of select recorded music assets, including the Billboard Hot 100 No. 1 hits "Hot in Herre" and "Dilemma."
While acknowledging the honor, the executive pointed to recent tragedies in highlighting the importance of fostering diversity through her work.
The purchase, estimated at $325 million, includes royalty streams for songs by artists like Tech N9ne, George Jones and Trey Songz, among others.
The deal includes the band's iconic hit "Drive."
