KKR buys Kobalt Capital's music rights portfolio in $1.1 billion deal

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) – Private equity giant KKR & Co, along with the family office of former Goldman Sachs partner Stephen Hendel, has bought Kobalt Capital’s music rights portfolio in a $1.1 billion deal, the companies said on Tuesday.

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