Virgin Music Group Acquires Downtown Music Holdings

Bertelsmann and Great Mountain Partners Combine BMG and Concord

April 28, 2026

Media & Entertainment

BMG and Concord agreed to combine their music publishing, recorded music, theatrical rights, and digital distribution businesses under the BMG name. Bertelsmann will own approximately 67% of the combined company, while affiliates of Great Mountain Partners will own approximately 33%; the combination was later reported as completed.

Pershing Square (via SPARC) Proposes to Acquire Universal Music Group

April 7, 2026

Media & Entertainment

Pershing Square Capital Management has submitted a non-binding proposal to Universal Music Group (UMG) to acquire all outstanding shares of UMG through a business combination. The transaction contemplates a merger of UMG with Pershing Square SPARC Holdings, with the newly merged company (“New UMG”) expected to close by year-end and be listed on the New York Stock Exchange.

Cumming Group Merges with Vidaurri Management Group to Expand Texas Presence

March 12, 2026

Construction

Cumming Group has merged with Fort Worth–based Vidaurri Management Group (VMG), an owner’s representation and project management firm, to deepen Cumming Group’s Texas footprint. The deal builds on VMG’s local reputation and project-management capabilities and strengthens Cumming Group’s team in the Dallas–Fort Worth region.

Milk & Honey Acquires VMG Sports

April 22, 2024

Media & Entertainment

Milk & Honey Music + Sports + Ventures has acquired VMG Sports in a multi-seven-figure deal that adds 15 NFL players — including Travis Kelce — to Milk & Honey's roster. The VMG founders will join Milk & Honey's executive staff, expanding the firm's sports capabilities, NIL business and geographic recruiting reach across the East Coast and Midwest.

Universal Music Group Acquires 25.8% Stake in Chord Music Partners

February 21, 2024

Media & Entertainment

Universal Music Group (UMG) will acquire a 25.8% minority interest in Chord Music Partners for US$240 million, valuing Chord at US$1.85 billion. The transaction creates a long-term strategic partnership under which UMG will administer Chord's music publishing through UMPG and recorded music through Virgin Music Group; KKR will exit and the Dundee consortium will remain a majority owner.

Universal Music Group Acquires Ingrooves Music Group

February 12, 2019

Media & Entertainment

Universal Music Group (UMG) agreed to acquire the remaining shares of Ingrooves Music Group, taking full ownership of the independent music distribution and marketing company while retaining Bob Roback as CEO. UMG said the deal will expand Ingrooves' geographic reach and service capabilities for independent artists and labels and will create a strategic partnership between UMG’s Caroline International and Ingrooves to enhance global distribution and marketing services.