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KKR to sell its majority stake in Chord Music Partners to UMG and Dundee Partners' investor consortium

According to the terms of the deal, UMG will acquire a 25.8 percent stake in Chord for $240 million while the Dundee consortium will take the remaining 74.2 percent stake. ....

Chord Music Partners , Dundee 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 Guetta , Sam Hendel , Olivier Sorgho , John Legend , Emelia Sithole Matarise , Alexandra Hudson , Music Group On , Universal Music Group , Chord Music Partners , Dundee Partners , Dundee Partner ,