Throw your $204 million diamonds in the sky

March 7, 2007  |  By Travis  |  Entreprenews   

Jay-Z

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.

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Travis
About the author, Travis
One of the original members at YGG, Travis became a partner back in 2006. He's responsible for all the creative and mischief you see before you.

7 Comments

  1. Eric said on March 7, 2007   

    Hahaha…wow - that’s quite the price. Kanye is a DB.

  2. Aaron said on March 7, 2007   

    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.

  3. Travis said on March 7, 2007   

    I believe he was calling him a douche bag.

  4. Aaron said on March 7, 2007   

    Thanks Travis. I myself was being a sarcastic DB.

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  6. Jason said on March 14, 2007   

    lol I can’t stop laughing at that last part…

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