Utopia Music sale of Absolute Label Services (2023)
deal·acquisition·active
Utopia Music reportedly sold Absolute Label Services back to its original leadership; terms were not disclosed.
Recorded facts
| Official site | https://www.musicbusinessworldwide.com/utopia-divests-again-as-absolute-label-services-gets-reacquired-by-original-leadership-team/ ↗ |
|---|---|
| Geography | Switzerland and United Kingdom |
| seller | name: Utopia Music · research key: org_utopia_music |
| target | name: Absolute Label Services · research key: org_absolute_label_services |
| acquirer | name: Absolute original leadership (legal vehicle unresolved) |
| deal type | acquisition |
| closing date | unknown |
| source classes | specialist_trade_reporting |
| announcement date | 2023-07-17 |
| transaction state | secondary_reported_complete |
| transaction value | qualifier: unknown · disclosure state: not_publicly_disclosed |
| strategic rationale | Return the business to independent ownership under its original leadership. |
Current
| acquired target | Absolute Label Services 2023-07-17 — nowSource 1 ↗ REPORTED medium confidence |
|---|---|
| seller in (by) | Utopia Music 2023-07-17 — nowSource 1 ↗ REPORTED medium confidence |
Sources & changes
Checked 10d ago · mediumhow verification works
Field-level evidence
Public change history
- Status unknown → active
- Official URL unknown → www.musicbusinessworldwide.com/utopia-divests-again-as-absolute-label-services-gets-reacquired-by-original-leadership-team
- Record maintenance · 12 fields updated
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