Snoop Dogg buys Death Row Records, the label that released his debut album, Doggystyle. The label was previously owned by MNRK Music Group controlled by private-equity funds Blackstone which was run by Stephen Allen Schwarzman and Jeffrey B. Kindler former Chairman and CEO of Pfizer.

Snoop says. “I’m thrilled and appreciative of the opportunity to acquire the iconic and culturally significant Death Row Records brand, which has immense untapped future value. It feels good to have ownership of the label I was part of at the beginning of my career and as one of the founding members. This is an extremely meaningful moment for me. I would like to personally thank the teams at Blackstone, MNRK and especially David Kestnbaum, who worked collaboratively with me over several months to make this exciting homecoming a reality. I’m looking forward to building the next chapter of Death Row Records.”