Kobalt Music Responds to Sale Rumors With a Long ‘Maybe’
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variety.comJem Aswad Senior Music EditorMusic publishing giant Kobalt, whose roster includes Paul McCartney, The Weeknd, Dave Grohl, Childish Gambino and Lorde, responded to sale rumors that broke into the open on Wednesday evening with a wordy “maybe.”“We’ve always had great interest in the company,” a rep for Kobalt said in statement. “We’re always evaluating the best capital structure for the business to make sure we have the right capital partners to continue to build and grow the world’s best independent company for artists and songwriters.” Bloomberg reported Wednesday that the company is “working with advisers to explore strategic options including a potential sale,” citing sources as saying it could be valued at more than $1 billion.
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