Don Jazzy’s Mavin Records could be sold to a foreign company.
Mavin Records, a prominent Nigerian music label, is actively seeking investment or considering a full sale, according to sources. This has garnered interest from major players like the Universal Music Group (UMG), HYBE Corporation, and financial sector music investors.
The last investment in Mavin Records was in January 2019, when Mavin secured a multi-million dollar investment from Kupanda Holdings.
The current proposed deal, allegedly facilitated by Shot Tower Capital, values Mavin Records at over $125 million, potentially reaching $150 million to $200 million. However, it’s unclear whether music publishing is part of the deal.