300 Entertainment, Record Label of Megan Thee Stallion and Young Thug, Reportedly Seeking to Sell For $400 Million USD

300 Entertainment, the home of artists like Megan Thee Stallion and Young Thug, is reportedly looking to go on sale.

According to Bloomberg, a source claims that the record label is “exploring a sale” and is expecting to sell for at least $400 million USD. Although nothing is confirmed as of writing, Quality Control Music CEO and co-founder Pierre “Pee” Thomas already threw his hat in the ring, tweeting, “I Wanna Buy @300 My Bankers On Deck. Let’s Have The Conversation.”

The label was originally founded in 2012 by Lyor Cohen, Roger Gold, Kevin Liles and Todd Moscowitz and went on to build one of hip-hop’s most impressive rosters that includes Fetty Wap, Young Thug, Megan Thee Stallion, Lil Keed, Tee Grizzley and more. Some of 300 Entertainment’s most notable investors include Google, Columbus Nova, TOMS Capital from hedge fund billionaire Noam Gottesman and music execs Alex Zubillaga and Andres Santo Domingo. Cohen departed from 300 in 2016 and is now YouTube’s global head of music, with Liles taking over as CEO.

Elsewhere in music, Kanye West revived Sunday Service with performances from Justin Bieber and Roddy Ricch.
Source: Read Full Article