Oluwatosin Ajibade, better known by his stage as Mr. Eazi is a Nigerian businessman and singer who recently sold Vydia, a firm that was part of his venture capital fund, Zagadat Capital, for $1 billion.
Gamma, an American business, purchased the company that provided the infrastructure for digital audio and video distribution.
We’re extremely excited to announce that Vydia has been acquired by gamma.
gamma. was founded by Apple Music’s former Global Creative Director Larry Jackson, and veteran music exec Ike Youssef, with financial backing from Eldridge, Apple, and A24.
This is just the beginning. pic.twitter.com/FoChydQNyo
— V Y D I A (@vydiaofficial) March 8, 2023
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 purchase.
The agreement is the largest in Afrobeat’s history.
Additionally, Mr. Eazi is the proprietor of the music streaming service emPawa.
Prior collaborations with the site and musicians include Mr. Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.
