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Headline : Apollo leads $700m investment into Sony Music Group partnership. (It’s a kind of magic!)

Read more from the original article on here at lse.einnews.com.





Tags : #apollo #leads #700m #investment #sony #music #group #partnership #kind #magic


No. of Paragraph 12

Earlier this month, MBW reported that senior music biz sources were telling us that Apollo Global Management had part-financed Sony Music Group‘s $1 billion+ acquisition of Queen’s catalog.

Today (July 26), Apollo confirmed that it is the lead investor in a USD $700 million “capital solution” for Sony Music Group.

This “capital solution”, says Apollo, is intended to fund “investments in the music industry”.

Apollo Partner Jamshid Ehsani said: “We are pleased to provide a bespoke capital solution to an affiliate of one of the world’s leading companies. This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans.”

Read more from the original article on here at lse.einnews.com.


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