Sony Music Buys AWAL and Kobalt Neighbouring Rights in $430 Million Deal

Sony Music has signed a definitive agreement to acquire Kobalt Music Group’s independent distribution and label division AWAL, as well as its neighbouring rights business, the companies announced on Monday (Feb. 1). The deal, which still needs regulatory approval, will see Sony pay $430 million, subject to customary working capital and other adjustments.

Source: Sony Music Buys AWAL and Kobalt Neighbouring Rights in $430 Million Deal

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