by Travis
Throw your $204 million diamonds in the sky
12:26 pm in Entrepreneur News by Travis
It was announced yesterday that Jay-Z has sold Rocawear to Iconix Brand Group for $204 million in cash, plus an additional $35 million in Iconix stock if it hits projected markers over the next few years.
Not too shabby for an apparel line extended from a record label by three pals (Shawn “Jay-Z” Carter, Damon Dash and Kareem “Biggs” Burke) just over a decade ago.
It has been reported that Kanye West interrupted this announcement screaming, “But I’m the best clothing line. I should’ve been bought. Rocawear ain’t got nothing on me.” Jay-Z was able to settle him down by helping Kanye understand that he is a person, not a clothing line.
Hahaha…wow – that’s quite the price. Kanye is a DB.
Eric,
What’s DB?
This buyout loses credibility if I don’t get bought. I spent a million dollars and climbed a mountain.
Whatever a DB is Kanye is one.
I believe he was calling him a douche bag.
Thanks Travis. I myself was being a sarcastic DB.
lol I can’t stop laughing at that last part…