People familiar with the matter revealed that Universal Music Group, the world's largest record company, has discussed privatization matters with several well-known Wall Street organizations. People familiar with the matter, who did not wish to be named due to undisclosed information, said that Universal Music management had initial contacts with private equity firms such as Apollo Global Management, TPG, and Blackstone earlier this year. People familiar with the matter said that the relevant negotiations have not progressed, and Universal Music has yet to start the sale process. The company's board of directors is aware of the discussions. Universal Music and the private equity firms mentioned above declined to comment.

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