The well-known Nigerian record company Mavin Records, run by music producer and businessman Don Jazzy, is apparently looking for investment opportunities or considering the prospect of a complete sale.

This information was revealed in a statement that was posted today on the renowned Billboard website.

Billboard, a renowned music business platform founded in 1995, has long served as a gathering place for music lovers and industry insiders, providing a wide variety of information such as charts, music news, artist interviews, and exclusives.

A dramatic change in the landscape of the music industry is being signaled by Mavin Records` decision to look for funding or maybe put itself up for sale.

“Mavin Records is seeking investment or eyeing a potential full sale with bidding coming from the the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector.”

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