Sony Music Acquires Cobalt Music with Legal Support from Lambadarios
Deal News | Jan 13, 2025 | CEE Legal Matters
Sony Music has acquired Cobalt Music, a prominent music publishing company in Greece, with legal advisory from Lambadarios and Reed Smith. The acquisition signifies Sony Music's strategic expansion in the music industry, particularly within the Greek market. The legal advisory team from Lambadarios, led by Managing Partner Constantinos Lambadarios, played a crucial role in the transaction. Alongside Lambadarios, CJA Entertainment Legal reportedly represented the sellers, ensuring a comprehensive legal oversight for both parties involved.
Sectors
- Music Publishing
- Legal Services
Geography
- Greece – Cobalt Music is based in Greece, highlighting the geographical focus of the acquisition.
Industry
- Music Publishing – Cobalt Music operates within the music publishing industry, which deals with the development, marketing, and protection of musical works.
- Legal Services – The role of Lambadarios and CJA Entertainment Legal in advising the transaction illustrates the legal services industry's involvement in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sony Music | Bidding Company | Company | A global leader in the music publishing and recording industry, involved in acquiring Cobalt Music. |
| Cobalt Music | Target Company | Company | A music publishing company in Greece, acquired by Sony Music. |
| Lambadarios | Legal Advisor | Company | A law firm advising Sony Music on the acquisition of Cobalt Music. |
| Reed Smith | Legal Advisor | Company | Collaborated with Lambadarios to advise Sony Music on the transaction. |
| CJA Entertainment Legal | Legal Advisor | Company | Reportedly advised the sellers in the acquisition of Cobalt Music. |