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Announced

Completed

Sony Music Entertainment to acquire a majority stake in Alamo Records.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

Completed

Majority

Friendly

Private

Domestic

Acquisition

United States

music related services

Single Bidder

Synopsis

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Sony Music Entertainment, an American global music company, agreed to acquire a majority stake in Alamo Records, a music-related Services company. Financial terms were not disclosed. "He has always been a visionary in an area of music that is now front and center of pop culture globally so we are delighted to add his experience and expertise to our creative strategy. We welcome him, his artists and his team to Sony Music and will provide all the partnership he needs to take the label to even greater heights," Rob Stringer, Sony Music Group Chairman.

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