New reports have indicated that Jay-Z has finalized a deal with Jack Dorsey‘s Square Inc. for $302 million USD.
JAY-Z Finalizes $302 Million Deal To Sell TIDAL Majority Ownership
Jay-Z’s Marcy Venture Partners Invest in LIT Method An At-Home Fitness Company
Marcy Venture Partners cofounded by Jay-Z, Jay Brown and Larry Marcus has invested in LIT Method an at home fitness company.
Jay-Z’s Monogram Cannabis Campaign Shot by Hype Williams
Jay-Z revealed the latest ad campaign for his new cannabis line Monogram. Shot by famed video director and creative Hype Williams, the campaign is a play on the iconic work of Slim Aarons. The photos were shot at the legendary Frank Sinatra House in Palm Springs.
Square acquires a majority of Jay-Z’s music streaming service Tidal for $297 Million
Jack Dorsey’s Square acquires a majority of Tidal, the streaming music service owned by Jay-Z. Square will pay $297 million in stock and cash for the stake in Tidal and Jay-Z will join Square’s Board of Directors after the closing of the transaction.
LVMH buys 50% stake in Jay-Z’s champagne brand Ace of Spades
According to the New York Times, LVMH will acquire half of Armand de Brignac, Jay-Z’s Champagne line known as Ace of Spades. Under the terms of the partnership, LVMH and Jay-Z said, is aimed at growing Armand de Brignac through LVMH’s global distribution networks while drawing upon the conglomerate’s vast resources within the spirits industry. Neither side disclose the financial terms of the transaction.
Continue readingInvestors Jay-Z, Rihanna, H.E.R and others raise funding for Black Female-Founded Partake Foods
The black female-founded snack company Partake Foods has secured close to $4.8 million from the series A funding round in late December. Investors included Rihanna, Kevin Johnson’s Black Capital, Seattle Seahawks’ Bobby Wagner, Black Star Fund, Once Upon a Farm CEO John Foraker, CircleUp Growth Partners, FF2032 and Marcy Venture Partners.
Jay-Z Launches Cannabis Brand “Monogram”
Shawn “Jay-Z” Carter debuts high-end cannabis brand called “Monogram” with a four-strain line of craft, indoor-grown cannabis flower and joints.