Mavin Records, the Nigerian music label owned by Don Jazzy, is reportedly exploring a sale or investment, with bids from major players like Universal Music Group (UMG) and HYBE.
Sources told Billboard on Friday that the deal’s valuation is estimated between $125 million and $200 million, and that Shot Tower Capital, an independent investment bank, is facilitating the negotiation process.
The news outlet said the move is a way for Mavin Records to raise funds for growth amid expectations that the African music industry will gain…
