The Notorious B.I.G.’s estate has closed on a deal to sell a stake in the legendary rapper’s catalog to Primary Wave, the company confirmed on Thursday.

The deal comes weeks after The Hollywood Reporter first broke the news on the deal’s development.. Primary Wave didn’t disclose the financial details of the deal. Sources previously told THR that Biggie’s publishing rights were up for about $100 million, while the master rights were on the table for another 30 to 50 million. Sources said the deal gives Primary Wave 50 percent to both rights, as well as his name and likeness.

Voletta Wallace died last month, and as the Wall Street Journal reported, she reached the deal just before her death.

Biggie is known as one of the greatest and most influential artists in the history of rap, recording hits like “Big Poppa,” “Juicy” and “Hypnotize,” while his 1994 debut...