- One of the top three global music corporations, Universal Music Group, is set to buy out a majority stake in Don Jazzy’s Mavin music label
- The reports revealed that the acquisition is expected to be finalised by the end of the third quarter of this year
- Mavin label, created in 2012, is currently home to Rema, Ayra Starr, and Johnny Drille, among other talented acts
Nigerian ace music producer Michael Ajereh, aka Don Jazzy’s Mavin Records, is set to seal a deal with Dutch–American multinational music corporation Universal Music Group, also known as UMG.
Legit.ng recalls reporting that Don Jazzy was looking for a staggering $200 million (about N153 billion) for the renowned music label in 2023.
