The deal includes Jesso's share of 40 different songs, including "When We Were Young" by Adele and "Slow Hands" by Niall Horan.
The deal is the biggest yet for any artist of his generation.
The deal, which includes the superstar's interests in his publishing and recorded music catalog, is likely to close in the next few days.
In a year without major IPOs, the majority of the most valuable music business deals involved catalog acquisitions in one way or another.
At an investor presentation in London, founder Merck Mercuriadis said the company’s current share price “fundamentally undervalues the company.”
The company’s shares have lost 34% of their value so far this year and are trading well below company's operative net asset value.
The Artist's Rights Symposium hosted conversations about championing creators, addressing metadata inaccuracies and rate setting around the world.
Investors bet Apple's move will trigger higher prices for streaming industry-wide.
