Universal Music Group Acquiring Large Stake in Mavin Records

Universal Music Group (UMG), the foremost music company globally, has unveiled its intention to acquire a majority stake in Mavin Global (Mavin), a prominent Nigerian music entity. Pending regulatory clearance, this investment aims to expedite Mavin’s expansion. UMG anticipates finalizing the transaction by the conclusion of Q3 2024. Established in 2012 by producer and label

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