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RollingStone Magazine Sells Almost 50% Of Itself to a Singapore Tech Company, Will Launch RollingStone International

GUS WENNER
Wenner Media's RollingStone magazine which is about to officially be under the control of Gus Wenner, the 26 year old son of the magazine's founder Jann Wenner, has sold a 49% stake in the publication to  Singapore based tech firm Bandlab Technologies. The move is designed to help RollingStone's entry into the live events, merch and hospitality business in Asia.
Plans call for Rolling Stone and BandLab to form a new Singapore subsidiary called Rolling Stone International. The business, which will include Rolling Stone’s 12 international licensees, will be led by Meng Ru Kuok, BandLab’s 28-year-old CEO and co-founder. Mr. Kuok is the son of Singapore businessman Kuok Khoon Hong.
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RollingStone Magazine Sells Almost 50% Of Itself to a Singapore Tech Company, Will Launch RollingStone International Reviewed by Editor on Sunday, September 25, 2016 Rating: 5
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