Universal Music picks up Bob Dylan's catalogue in blockbuster deal

Universal Music Group’s publishing arm has bought Bob Dylan's entire back catalogue of more than 600 songs, from towering classics such as 1965’s "Like a Rolling Stone" to this year's 17-minute epic “Murder Most Foul”.

The price was not disclosed, but is estimated at more than $300 million.

“The deal is the most significant music publishing agreement this century and one of the most important of all time," UMG said in a press release.

UMG declined to say how much the deal was worth but it was likely to have swelled the coffers of the man who once wrote "money doesn't talk, it