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Will Blackstone
Music Industry
SESAC Sold To Blackstone, A Private Equity Firm Known For Leveraged Buyouts, Credit Default Swaps
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HypeBot
U.S. music performing rights and rights management organization SESAC has been acquired by one the country's biggest private equity and investment groups, Blackstone. Financial terms of the transaction were not disclosed. SESAC, the only one of the three top U.S. performing rights organizations to operate as a for profit privately owned business, has been acquired from Rizvi Traverse Management by private equity firm Blackstone. This transaction is Blackstone’s first investment as part of a private equity strategy designed to hold investments ...
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