Mr Eazi sells his portfolio company for $1bn

Nigerian singer, Oluwatosin Ajibade popularly known as Mr Eazi has left many hailing him over his latest acquisition.

He has sold his portfolio company, Vydia of his venture capital fund, Zagadat Capital, for $1 billion.

The $ 1 billion takeover was led by former Apple executive Larry Jackson through his newly founded multi-faceted company – gamma. Apple and Eldridge Industries and A24 are also listed as some of its investors.

The young VC fund announced its first exit after Gamma acquired its portfolio company Vydia; which has previously worked with artists including Akon, Kanye West, Mr. Eazi, and Anuel.

The deal is the biggest in the history of Afrobeats.

Reacting to the news, many have taken to social media to hail the singer for his silent moves.

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