OSN Streaming is proposing to buy each ordinary share it does not already own in Anghami for $3.39 in cash, which would cost a little over $10 million.
The Argentine-Venezuelan singer filed suit in both the US and Venezuela, alleging that UMG is claiming to own five albums he recorded from 1986 to 1992.
The complaints covered malicious online posts, the illegal sale of the members' airport ticketing information, and breaches of the artists' privacy and safety.