Remember when SoJones.com reported a while ago about 50 Cent’s terminated deal with Sleek Audio? It turns out that the rapper has signed a deal with TVGoods Inc. to launch a new line of wireless headphones and other top quality audio accessories and high technology.
Yes we mentioned that earlier, BUT get this: under the new deal, 50 Cent actually formed a new LLC company with the name “SMS Audio LLC” to develop the headphone and audio line. The rapper also purchased 7.5 million shares of TVGoods Inc. for $750,000 during the old deal. Buying shares in order to have ownership in any company that uses his name or brand to make money apparently has been 50 Cent’s business strategy for a while now. Budding moguls, take notes.
Although busy acquiring companies and signing business deals, 50 Cent is also still working on his music and fans, get ready for his new album titled Black Magic which is due to drop later this year. (Read our other article on 50 Cent.)