BMI Selling to Private Equity Firm for $1.7B ...Middle East

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BMI Selling to Private Equity Firm for $1.7B
source : billboard ( Middle East ) () 322
BMI has accepted an offer to sell to New Mountain Capital, a private equity firm that has been quietly looking at music assets over the last few years, according to sources. It’s unclear if the deal has been signed yet. Related Songwriter Groups Question BMI’s For-Profit Plans in Letter to CEO 08/23/2023 Sources suggest that New Mountain Capital will pay about $1.7 billion for BMI which claims $145 million in earnin

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