Music mogul, Don Jazzy seeking investment or sale of Mavin records

Mavin Records, the Nigerian music label under the ownership of Don Jazzy, is reportedly considering options for a sale or investment.
Significant bids have emerged from industry giants like Universal Music Group (UMG) and HYBE, sources told Billboard.

The deal is estimated to be valued between $125 million and $200 million, and Shot Tower Capital, an independent investment bank, is actively facilitating the negotiation process.

The strategic move by Mavin Records is aimed at raising funds to fuel its growth, especially considering the anticipated global prominence of the African music industry in the years ahead, sources told Billboard.

But even if the investment comes from a strategic investor like UMG or HYBE or any other label or music company, the Mavin management team, led by Don Jazzy, is expected to maintain control over the company’s future direction.

The media outlet stressed that the companies mentioned in the report either chose not to provide comments or did not respond to comment requests at the time of press.

Don Jazzy also has not issued a comment as of the time when the report was published.

Founded in 2012, Mavin Records has become a major force in African music, representing renowned artists such as Rema, Ayra Starr, Tiwa Savage, and many more on its impressive roster.

Billboard, a renowned music business platform founded in 1995, has long served as a gathering place for music lovers and industry insiders, providing a wide variety of information such as charts, music news, artist interviews, and exclusives.

A dramatic change in the landscape of the music industry is being signaled by Mavin Records’ decision to look for funding or maybe put itself up for sale.

“Mavin Records is seeking investment or eyeing a potential full sale with bidding coming from the the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector.”

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