Death Row Records has been bought out after going to auction this week (Tuesday June 24th), with the winning bid coming from the Global Music Group.
The group bought the majority of the collapsed label's publishing and recorded music assets, which were sold for $25 million in a Los Angeles auction.
Also included in the purchase were twenty unreleased records by deceased rapper Tupac Shakur, the original master tapes for the back catalogue, videos, merchandising and digital recording rights.
The auction occurred as label boss was forced to declare the company bankrupt in 2006.
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