Dell Takes Kobalt Stake

Kobalt Music Group picks up a big-name investor with a $25 million buy-in by MSD Capital, the private investment firm of Michael Dell, who founded computer-maker Dell. MSD will own 9.9% of the music publishing and label services group, valuing the business at around $250 million. Kobalt, whose roster includes OneRepublic's Ryan Tedder, Beck and Dr. Luke, will use the equity infusion to fund growth through investment in technology and territorial expansion, according to Kobalt founder-CEO Willard Ahdritz. -Ed Christman

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