Mr Eazi Sells Portfolio Company, Vydia, For $1bn
Mr Eazi has reportedly sold Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for $1 billion.
Gamma, an American company, purchased the company that provided the infrastructure for digital audio and video distribution.
Former Apple Music executive Larry Jackson is the owner of the music and technology company Gamma. Jackson described Vydia as the embodiment of Gamma’s concept of itself as an ideas firm while discussing the acquisition.
Additionally, Mr Eazi is the proprietor of the music streaming service emPawa. Prior collaborations with the site and artists include Mr Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.
The deal has been reported as the biggest ever within the confines of Afrobeat. Mr Eazi’s real name is Oluwatosin Ajibade. He is a Nigerian singer, songwriter, and record executive.
Known as a blend of Ghanaian highlife and Nigerian chord progressions and patterns, he is the creator of Banku music. In 2008, Mr Eazi moved to Kumasi and enrolled at KNUST, where he started hiring musicians to play at campus events. After recording a guest verse for the song “My Life,” which gathered traction and became a hit at KNUST, he began to express an interest in music.
In 2013, Mr Eazi released his first mixtape, About to Blow. After the track “Skin Tight,” featuring Efya, was released, he attracted a large international following. In 2017, he released his second mixtape, Life Is Eazi, Vol. 1 – Accra To Lagos.
Mr Eazi net worth
As of April 2023, Mr Eazi’s net worth is estimated to be $5m. However, with this new acquisition, he’s surely on his way to becoming a billionaire.
