US magazine Rolling Stone has agreed to sell a 49% stake of its business to Singapore-based music start-up BandLab Technologies for an unknown sum. The deal is the latest in a series of deals between major media companies and tech start-ups that have been announced this year. Rolling Stone is seen as a stalwart of US pop culture, and also gained recognition for its political coverage. Meng Ru Juok, a co-founder of BandLab, will operate Rolling Stone International.
US magazine Rolling Stone has agreed to sell a 49% stake of its business to Singapore-based music start-up BandLab Technologies for an unknown sum. The deal is the latest in a series of deals between major media companies and tech start-ups that have been announced this year. Meng Ru Juok, a co-founder of BandLab, will operate Rolling Stone International.