Mr Eazi have sold off Vydia, For $1bn! That’s 450+ billion in Naira.
The digital audio & video distribution infrastructure company was acquired by an American firm, Gamma.
Vydia was acquired by music and technology company, gamma, owned by former Apple Music Executive, Larry Jackson.
Speaking on the acquisition, Jackson said, “gamma is built with the flexibility and aptitude that creators need to connect with fans on all formats and across all channels – with transparency and no restriction.
“We are a progressive media company powered by the best-in-class content distribution and analytics software by way of our Vydia acquisition, and central to its core, gamma is an ideas company.”
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.
The platform has previously worked with artists like Mr Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.
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