Reservoir Confirms Buyout Bids From Richmond Hill, Wesbild, Irenic

Reservoir Media Courtesy Reservoir Media Trending on Billboard Two powerful hedge funds are vying to buy Reservoir Media, the publicly traded independent music publishing and recorded music business founded and led by Golnar Khosrowshahi, according to a press release from Reservoir on Wednesday. Reservoir said investors Richmond Hill Investment and Wesbild put in an unsolicited joint offer to acquire all outstanding shares at a price of $10.50 per share. Richmond and Wesbild’s offer follows an earlier unsolicited bid from another shareholder, Irenic Capital Management, to acquire all of Reservoir’s outstanding shares at a price of between $10.00 and $11.00 per share in cash, as reported by Bloomberg last week. Related Bad Bunny's Australia Debut Sets Attendance Benchmark in Sydney Jessica Lynch Reservoir said it formed a special committee of “independent and disinterested” board directors to evaluate the two offers and other routes the company could take to “determine the course of action that is in the best interests of the company and all of its shareholders.” “There is no assurance that any definitive offer will be made, that any agreement will be executed or that the transaction proposed … will be approved or completed,” Reservoir stated in the press release, adding that the company will decline to comment “unless and until it deems further disclosure is appropriate or required.” Reservoir ranked No. 9 among the top 10 publishers who held stakes in songs that ranked on Billboard‘s Top Radio Airplay Chart for the second half of 2025, with a 1.19% market share. Reservoir’s publishing roster includes artists with evergreen popularity, including Snoop Dogg, k.d. lang and Kings of Leon, and it holds stakes in hits like Sabrina Carpenter’s “Espresso,” which was co-written by Reservoir songwriter Steph Jones. Reservoir’s recent acquisitions have reflected the company’s focus on expanding overseas and finding new opportunities for its intellectual property, while also bolstering its U.S. repertoire. Last September, it acquired the publishing rights and recorded-­music royalties of late jazz great Miles Davis. It also launched an Indian subsidiary, PopIndia, and its first full catalog acquisition, Musicraft Entertainment. Last July, Reservoir invested in London-based entertainment company Lightroom, to collaborate on the development of immersive entertainment experiences around Reservoir’s evergreen music catalog. Lightroom’s shows like Prehistoric Planet: Discovering Dinosaurs featured a score by Hans Zimmer, who composed other music (The Lion King, Gladiator) in Reservoir’s catalog, and have attracted more than a million visitors, according to a press release from July 2025 when the deal was announced. Daily newsletters straight to your inbox Sign Up Leave a Comment Your email address will not be published. Required fields are marked * Name * Email * Website Post Comment More From Pro Business News Reservoir Media Faces Competing Takeover Bids From Major Hedge Funds 2 minutes ago Elizabeth Dilts Marshall Chart Beat Violet Grohl Makes Her Billboard Chart Debut With ‘THUM’ 2 minutes ago Kevin Rutherford Video Icon Business News How Duetti Finds Big Value in Small Catalogs: ‘It’s Not About Aggregating Rights… It’s About Taking Care of Them’ 39 minutes ago Elizabeth Dilts Marshall Business News Billboard’s Music Industry Events Calendar 1 hr ago Chris Eggertsen Business News Spain’s Recorded Music Market Grew 13.7% in 2025, With Bad Bunny and Rosalía Dominating the Charts 2 hrs ago Franchesca Guim See All News