Mavin Records set for potential sale with Universal Music Group and HYBE among bidders – Businessday

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Mavin Records, the Nigerian label owned by Michael Collins popularly known as Don Jazzy and home to music stars such as Rema, Ayra Starr, and Johnny Drille is seeking investment or eying a potential full sale with bidding coming from the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector, according to Billboard.

Billboard reports that Mavin’s valuation in the proposed deal is above $125 million and could be worth $150 million to $200 million. However, it’s…