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Deal includes many evergreen in the German market, plus carnival, pop hits and more…

Investing giant KKR is diving deeper into the music business. The private-equity firm (ticker: KKR) agreed to take a majority stake in the music catalog of Grammy-winning artist Ryan Tedder, who has written for Adele, Ed Sheeran, and Beyonce in addition to having his own group, OneRepublic. The deal for undisclosed terms includes the publishing and recording rights, though Tedder will keep an interest. Some estimates put the price tag for the deal around $200 million. Shares of KKR rose 0.3% to $40.59 on Monday and are up 35% over the past year. The S&P 500 is down 0.2%, and has gaine...