Pink Floyd are seeking to collect £400m from the sale of the rights to their record.
Last May reports suggested that Pink Floyd were in talks to sell the rights to their entire discography for an astronomical sum of hundreds of millions of pounds.
UK newspaper The Times is now reporting that the band are set to make a decision soon on which company they will sell the copyright to their songs to.
American private equity group Blackstone claims Pink Floyd's discography along with other companies including Sony, Warner, BMG and Primary Wave.
Pink Floyd, who have undergone several line-up changes over the years, went on an extended hiatus in 1994 before reuniting in 2005 and for a few years in 2012.
Earlier this year Pink Floyd reunited and released their first new song in decades to raise money for humanitarian aid in war-torn Ukraine.
'Hey Hey Rise Up' is the first new song they've recorded since 1994's 'The Division Bell'.
The band collaborates on 'Hey Hey Rise Up' with Ukrainian singer Andriy Khlyvnyuk of Boombox, using a clip of him performing the Ukrainian protest song 'The Red Tree in the Meadow'.
Pink Floyd are expected to follow in the footsteps of artists such as Bruce Springsteen, Bob Dylan, Stevie Nicks and Sting by selling the rights to their discography.
In one of the biggest deals, Bruce Springsteen sold the rights to his discography to Sony Music and the publishing rights (commercial use) of his music to Sony Music Publishing for an unprecedented sum of $500 million.
Universal Music Publishing Group has acquired Bob Dylan's publishing catalog for an estimated $375 million to $400 million.
Justin Timberlake has sold the copyright to all of his songs to Merck Mercuriadis' Hipgnosis Song for an estimated $100 million.
