Singer Mr Eazi sells portfolio company, Vydia, for $1bn

An American firm, gamma, acquired the digital audio and video distribution infrastructure company.

Gamma is a music and technology firm owned by former Apple Music Executive, Larry Jackson.

Speaking on the acquisition, Jackson said Vydia epitomises the vision of Gamma as an ideas company.

The deal is the biggest in the history of Afrobeats.

Mr Eazi is also the owner of the music distribution platform emPawa.

The platform has previously worked with artists like Mr Eazi, Fave, Joeboy, Darkavibes, and Bella Alubo.