Michael Jackson's Neverland ranch sold

The ranch Neverland that once belonged to US pop star Michael Jackson has a new owner.

US media outlets report the property in the western state of California was sold for 22 million dollars. The buyer is reportedly a businessman who was an acquaintance of Jackson.

The pop star, who died in 2009, bought the ranch in 1988. He lived there until four years before his death.

The 11-square-kilometer property boasts a luxurious residence, private amusement park and movie theater, along with a dance studio.

The estate was first listed for 100 million dollars in 2015, but remained unsold despite several price cuts.