Oluwatosin Ajibade, better known by his stage as Mr. Eazi, a Nigerian businessman and singer recently sold Vydia, a company that was part of his venture capital fund, Zagadat Capital, for $1 billion.
Gamma, an American company, purchased the company that provided the infrastructure for digital audio and video distribution.
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 acquisition.
The agreement is the largest in Afrobeats history.
Additionally, Mr. Eazi is the proprietor of the music streaming service emPawa.
Prior collaborations with the site and artists include Mr. Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.