this is actually incorrect ... def jam never owned or had any form of actual ownership in the roc. it was simply a distribution deal where the roc got 50%, def jam got 25% and polygram got the other 25%. i dont know why mtv would report that. why would jay, dame, and biggs sell half their company for 1.5 million ?? LOL they would then have to split it 3 ways. $500,000 for half of your company?? yeah iiight LOL one album from jay z was worth that much back then
its was simply a distrubution deal .. if any thing ... the 1.5 was a signing bonus