Universal Music Group Acquires Stake in Chord Music Partners for $240 Million
In a significant move, Universal Music Group (UMG), the world’s largest music company, has acquired a substantial stake in Chord Music Partners, an intellectual property catalogue, for a whopping $240 million. This latest development comes after the sale of a majority stake (74.2%) to Dundee Partners, with UMG now taking on a 25.8% ownership of Chord.
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