Davido reacts as Universal Music Group acquires majority stake of Mavin Records

King of Afrobeats Davido has reacted to a major stake acquisition by Universal Music Group of Mavins Record.

Davido has extended his well wishes to Don Jazzy following the acquisition of a majority stake in the Nigerian record label by international music company, Universal Music Group. Don Jazzy recently signed a deal with Universal Music Group, resulting in the majority acquisition of the label's investment. Davido took to social media to congratulate the record label boss, expressing his admiration with a golden crown emoji.

JAZZY !! 👑

— Davido (@davido) February 26, 2024

Don Jazzy, the head of Mavin Records, sealed a deal with Universal Music Group on February 26, 2024. Davido took to social media and said "Jazzy" with a golden crown emoji alongside Don Jazzy's name. This demonstrates his respect and admiration for the music mogul. The relationship between the two music entrepreneurs and talented singers has been characterized by mutual support and encouragement over the years, often visible through their positive interactions and acknowledgments of each other's achievements on social media.