M&A Deal Summary

Universal Music Group Acquires Chabaka

On August 30, 2023, Universal Music Group acquired media company Chabaka

Acquisition Highlights
  • This is Universal Music Group’s 5th transaction in the Media sector.
  • This is Universal Music Group’s 1st transaction in Lebanon.

M&A Deal Summary
Date 2023-08-30
Target Chabaka
Sector Media
Buyer(s) Universal Music Group
Deal Type Add-on Acquisition

Target

Chabaka

Beirut, Lebanon
Chabaka provides digital distribution, marketing, publishing, and label and artist services in the Middle East and North Africa (MENA) region. Chabaka was founded in 2013 and is based in Beirut, Lebanon.

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Buyer(S) 1

Buyer

Universal Music Group

Santa Monica, California, United States
Category Company
Sector Media
DESCRIPTION

Universal Music Group, Inc. is a provider of recorded music, music publishing, and merchandising services based in Santa Monica, California..

DEAL STATS #
Overall 6 of 7
Sector (Media) 5 of 6
Type (Add-on Acquisition) 2 of 2
Country (Lebanon) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Ingrooves

Encino, California, United States

Ingrooves is a music marketing and distribution company. The Company provides labels and artists with a global team of experts and a powerful technology framework, giving them transparent distribution tools and marketing solutions to maximize revenue in today’s dynamic music marketplace. Ingrooves was founded in 2002 and is based in Encino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 Mavin Global

Nigeria

Buy -
Mergr

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