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Thursday, May 15, 2008

50 Cent To Sign $300 Million Deal With Myspace


50 Cent is reportedly in negotiations with News Corp for a deal worth $300 million.

Here's what HipHopDX.com reported:

According to ThisIs50.com, the deal would begin effective 2009, at which
point News Corp would take a large stake in every aspect of 50 Cent's business:
music, concerts, books, and G-Unit Records.

50 and the G-Unit crew would move under the company's MySpace Records.
Sources also say that half of the deal is stock, which would result in 50
Cent would become one of the largest shareholders of News Corp.

ThisIs50.com would also be reportedly acquired by News Corp; the deal
also includes a G-Unit book deal, and music publishing for 50 and the rest of
his artists.

It should be noted that this has not been confirmed; when reports came
of 50 Cent making money off of a buyout of Vitamin Water, the figures were
initially significantly exaggerated.

Damn! It must be nice! For a while, Jay-Z was killin' the game with the business moves, but this new deal with News Corp. could put 50 Cent on top of everyone.



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