Justin Timberlake is bringing the sexy back and sells his songs to private equity Blackstone. The deal was done in partnership with music investment company Hipgnosis. Although the deal was kept secret, sources say the deal was valued at $100 million.
Blackstone who currently has former Pfizer CEO as senior advisor has become the the world’s largest private equity firm. The firm invests through minority investments, corporate partnerships, and industry consolidations, and occasionally, start-up investments.