Universal Music Group (UMG), the world-leader in music-based entertainment, and Dundee Partners, the investment office of the Hendel family, announced that UMG will acquire a 25.8% interest in Chord Music Partners (Chord) for US$240 million, in a deal that values Chord at US$1.85 billion. Chord, which was formed in 2021 by KKR and Dundee Partners, is a…
Skydance Media (Skydance) announced the completion of a $400 million strategic investment round led by KKR and joined by The Ellison family who remain the Company’s majority shareholders. Existing investors RedBird Capital Partners and Tencent also participated in the fundraise, which values Skydance at over $4 billion. The addition of KKR as a new strategic…