A Singapore firm headed by a scion of one of Asia’s richest families has bought a 49% stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising.
BandLab Technologies, a music and technology start-up headed by 28-year-old Kuok Meng Ru, bought the stake for an undisclosed sum and will partner current owners Wenner Media, the firms said in a statement late Sunday.
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