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Julian Lennon Sells Stake in Beatles Songs

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Julian Lennon, the 44-year-old elder son of John Lennon , has sold a financial stake in his late father's compositions for the Beatles to Primary Wave Music Publishing, a year-old New York City concern, The Wall Street Journal reported.

The deal is to be announced on Friday, the Journal said.

Terms of the deal weren't disclosed, the Journal said. But it quoted the parties as saying in a statement that the share of the catalog was "significant."

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