Kobalt Acquired by Primary Wave Music — Technology M&A

Primary Wave Music has completed the acquisition of Kobalt, a enterprise software business in the music technology sector in the United States, for $794.4 million. Kobalt operates as an independent music publishing and technology platform, combining royalty administration with global digital collection capabilities through amra. Primary Wave Music acquisitions aim to expand creator-first publishing administration and strengthen technology-enabled services for music rights holders. The platform acquisition is structured as a strategic acquisition with Brookfield investment support, keeping Kobalt as a stand-alone entity under CEO Laurent Hubert and management. The technology M&A deal is announced and expected to close in Q3 2026, subject to customary closing conditions.