All summer, Cardi B’s hit “I Like It” — which went to No. 1 the week of July 4 — has been introducing a generation of listeners to a Latin classic more than 50 years old: Pete Rodriguez’s “I Like It Like That” from 1967, which Cardi B liberally samples and reinterprets.

Now “I Like It Like That,” a standard of the pre-salsa style known as boogaloo, is a centerpiece of one of the largest Latin-focused music deals in years.

This week, the catalog of Fania Records, the New York salsa label that defined the genre in the 1960s and ’70s with stars like Celia Cruz, Willie Colón, Héctor Lavoe and Johnny Pacheco, was purchased by Concord Music, an independent label and publisher that has become a mini-conglomerate by pursuing rock, jazz, children’s music and other genres that rarely graze the Top 10 but have vast, devoted audiences.