Nigerian label Mavin Records has been riding the wave of Afrobeats’ global growth, reaching the milestone of 6bn streams in August this year.
Now that growth may be the platform for new investment in the label, or even a full acquisition. That’s according to Billboard, which reported that potential investors and acquirers include Universal Music Group, Hybe and ‘music asset investors in the financial sector’.
“Mavin’s valuation in the proposed deal is above $125 million and could be worth $150 million to $200…
