Utopia Music sale of Absolute Label Services (2023)

deal·acquisition·active

Utopia Music reportedly sold Absolute Label Services back to its original leadership; terms were not disclosed.

Verified facts

Official site	https://www.musicbusinessworldwide.com/utopia-divests-again-as-absolute-label-services-gets-reacquired-by-original-leadership-team/ ↗
Geography	Switzerland and United Kingdom
seller	name: Utopia Music · research key: org_utopia_music
target	name: Absolute Label Services · research key: org_absolute_label_services
acquirer	name: Absolute original leadership (legal vehicle unresolved)
deal type	acquisition
closing date	unknown
source classes	specialist_trade_reporting
announcement date	2023-07-17
transaction state	secondary_reported_complete
transaction value	qualifier: unknown · disclosure state: not_publicly_disclosed
strategic rationale	Return the business to independent ownership under its original leadership.