![Universal Music Group to Acquire Indie Label Group [PIAS]](https://www.billboard.com/wp-content/uploads/2022/11/pias-logo-2022-billboard-pro-1260.jpg?w=237&h=147&crop=1 "Universal Music Group to Acquire Indie Label Group [PIAS]"){kind=logo}
Universal Music Group to Acquire Indie Label Group [PIAS]
The founders of indie label group [PIAS] have announced they are selling the remaining shares they hold in the company to Universal Music Group (UMG), making the music giant the firm’s majority shareholder. In an announcement on Tuesday (Oct. 15), Kenny Gates said he and his [PIAS] co-founder Michel Lambot were selling their shares to…