Primary Wave Music Acquires Kobalt

July 7, 2026

Primary Wave Music has completed its $1.5 billion acquisition of Kobalt, taking ownership of Kobalt’s worldwide operations, owned copyrights, and its digital collection society amra. The deal was closed on Tuesday, July 7, after regulatory clearance, with Kobalt continuing to operate as a standalone company under CEO Laurent Hubert.

Buyers
Primary Wave Music, Brookfield
Targets
Kobalt, amra
Sellers
Francisco Partners, Willard Ahdritz, MUSIC (Matt Pincus), Dundee Partners
Location
New York, United States
Transaction Type
Buyout

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