Utopia Music sale of ROSTR (2023)

deal·acquisition·active

Utopia Music reportedly sold ROSTR back to founders Mark Williamson and Adam Watson; terms were not disclosed.

Verified facts

Official site	https://www.musicbusinessworldwide.com/utopia-sells-music-directory-platform-rostr-back-to-founders/ ↗
Geography	Switzerland and United States
seller	name: Utopia Music · research key: org_utopia_music
target	name: ROSTR · research key: org_rostr
acquirer	name: ROSTR founders (legal vehicle unresolved)
deal type	acquisition
closing date	unknown
source classes	specialist_trade_reporting
announcement date	2023-02-07
transaction state	secondary_reported_complete
transaction value	qualifier: unknown · disclosure state: not_publicly_disclosed
strategic rationale	Part of Utopia Music's strategic reorganization and refocus on music financial infrastructure.