Universal Music Group Discussed Going Private with Buyout Firms, Bloomberg News Reports

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Music group Universal Music Group (UMG) held talks with major investors earlier this year to be taken off the Amsterdam stock exchange, sources told news agency Bloomberg. UMG, which represents famous artists such as Taylor Swift, Billie Eilish, and Harry Styles, spoke with investment firms such as Apollo Global Management, TPG, and Blackstone.

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Universal Music Group NV (UMG), the world's largest record company, held preliminary negotiations earlier this year with a number of direct investment funds on possible private ownership, reports Bloomberg with reference to known sources.

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AMSTERDAM (ANP/BLOOMBERG) - Music group Universal Music Group (UMG) held talks earlier this year with major investors to be taken off the Amsterdam stock exchange. Sources told news agency Bloomberg that UMG, which represents famous artists such as Taylor Swift, Bi...