After a week of rumours various press sites are getting confirmation that MCA will not be purchasing a portion of Victory records. Although many had believed the transaction had completed, the deal appears to have collapsed. There is no official word on what caused the rift between MCA and the Chicago based indie. The originally reported deal was that MCA would acquire a non-controlling 25% interest of Victory. This followed a bidding war with Columbia.
Check our our original article on the buy.