The owners of Nashville-based performing rights organization SESAC are looking for a buyer, according to a New York Post article.
Current owners of SESAC include investment bank Allen & Co. and hedge fund Och-Ziff, who are seeking close to $500 million in the sale. The company has reportedly hired Goldman Sachs to scout for potential purchasers.
Current SESAC songwriters include Bob Dylan, Jim Lauderdale, Lady Antebellum’s Hillary Scott, and Gary Burr among many others.
SESAC representatives could not be immediately reached for comment.