Lebashe Investment Group to be first choice of buyer for Gallo Music Group

Mudiwa GavazaLebashe Investment Group, which is buying Tiso Blackstar's media assets for R1.05bn, has been granted a right of first refusal if the company elects to sell its interest in the Gallo Businesses in the next year. Lebashe had been granted a right of first refusal to purchase the Gallo Businesses within 12 months after the sale of its SA radio assets

The publisher of Business Day, the Sunday Times, Sowetan and other titles, announced in June it had sold its print, broadcasting and content businesses in SA, Ghana and Kenya for R1.05bn to Lebashe. Gallo Record Company, SA’s largest and oldest independent music label, has been recording music since 1926. Gallo Music Publishers owns and administers one of the largest African copyright catalogues.

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Yhu 🙆🏾‍♀️ I hope they buy it

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