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Music label UMG to buy minority stake in Chord Music Partners for $240 mln

Universal Music Group on Tuesday said it would buy a 25.8% stake in Chord Music Partners for $240 million in a deal that will see investment company KKR exit from the capital of the music catalogue.

Sam hendelEmelia sithole matariseJohn legendDavid guettaAlexandra hudsonOlivier sorghoMusic group onDundee partnersMusic groupChord music partnersDundee partner

Music label UMG to buy minority stake in Chord Music Partners for $240 million

Music label UMG to buy minority stake in Chord Music Partners for $240 million
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Olivier sorghoEmelia sithole matariseSam hendelAlexandra hudsonDavid guettaJohn legendMusic group onMusic groupChord music partnersDundee partnersDundee partner

Music label UMG to buy minority stake in Chord Music Partners for $240 million

(Reuters) - Universal Music Group on Tuesday said it would buy a 25.8% stake in Chord Music Partners for $240 million in a deal that will see investment company KKR exit from the capital of the music catalogue owner. KKR will sell its majority stak.

David guettaSam hendelOlivier sorghoJohn legendEmelia sithole matariseAlexandra hudsonMusic group onUniversal music groupChord music partnersDundee partnersDundee partner

TikTok pulling music by Universal artists amid licensing fight

Social media platform TikTok began pulling music by artists with Universal Music Group on Thursday amid a fight over licensing rights, according to a report…

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