Justin Bieber is set to sell his music rights to the investment company, Hipgnosis Songs Capital.

Reportedly, the pop star would earn more than $200 million from the said acquisition.

As required of the acquisition, it would contain the singer’s old and new songs.

Another artist who sold his music rights to the same company was Justin Timberlake.

The company is run by Merck Mercuriadis, who had previously said he managed Beyonce.

The alleged acquisition comes days after H &M responded to Bieber’s disapproval of their Merchandise.

Bieber wrote a disclaimer, telling his fans not to buy the brand’s clothes that featured his face.

The clothing line wrote a statement noting that they took down the new clothes.

Last month, Bieber took to his favorite hobby, playing dress up while bragging on social media.