• Kobalt Seeking $1B Buyer for Catalog Believed to Include Lorde, The Weeknd Hits

    12 days ago - By Billboard

    Kobalt Music has been shopping its Kobalt Music Royalty Fund II, sources say, and is now involved in final negotiations or may have already closed the deal - which sources say is the $1 billion ball park - possibly with a group of investors that includes private equity firm KKR.
    This deal, if confirmed, continues the incursion of big private equity into the music asset marketplace. On Thursday reports surfaced that Blackstone was doing a deal to back Merck Mercuriadis' The Family Ltd. with $1 billion in funding to buy music assets, and that Apollo is backing the new firm of HarbourView...
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