Mr Eazy Is a $Billion Richer As Gamma Acquires His Venture Capital Fund, Zagadat Capital
Ghana based Nigerian singer, business mogul and soon to be son-in-law to billionaire Femi Otedola popularly known as Mr Eazy is on a roller coaster this year, his investments are paying off through his VC fund ZAGADAT Capital.
After Gamma acquired its portfolio company Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for a $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.
Tosin Ajibade (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.
