Mr. Eazi Sells Portfolio Company, Vydia, For $1bn

Reports reaching the desk of Africa Today News, New York has it that popular Nigerian singer and business mogul, Oluwatosin Ajibade, popularly known as Mr. Eazi has sold Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for $1 billion.

The digital audio and video distribution infrastructure company was acquired by American firm, gamma.

Gamma is a music and technology firm owned by former Apple Music Executive, Larry Jackson.

Speaking on the acquisition, Jackson said Vydia epitomises the vision of gamma as an ideas company.

The deal is the biggest in the history of Afrobeats.

Mr. Eazi is also the owner of music distribution platform emPawa.

Read Also: How My Dad Once Bribed Me To Go Back To University – Davido

The platform has previously worked with artists like Mr Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.

In another report, famous Nigerian singer, David Adeleke popularly known by his stage name, Davido have recounted how his billionaire dad, Chief Adedeji Adeleke bribed him to complete his degree program many years ago.

Africa Today News, New York reports that Davido graduated with a second-class upper degree from the Music Department of Babcock University in Osun State just before he went into the music industry fully.

While featuring on the latest episode of the +44 Amazon Music podcast recently, the singer revealed that he was forced to go back to the university after initially quitting to focus on his music career.

He revealed that his dad entered a deal with him that if he attended lectures from Mondays to Fridays, he would build him a world-class studio and provide him funds to shoot music videos on weekends.

Africa Today News, New York

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