99 Problems, CGC ain’t one…
Yep, Jay-Z is now a partial owner of CGC.
Certified Collectibles Group or CGC as it’s known to comic fans everywhere has been sold. Don’t worry though, your books are still coming and business should continue as usual.
Blackstone Group Inc. agreed to buy Certified Collectibles Group, which grades and verifies items such as sports trading cards, comics, stamps and coins.
Blackstone said its tactical opportunities group is purchasing a majority stake, valuing the business at more than $500 million spanky’s. Other investors include Roc Nation, Jay-Z’s entertainment company, and Daryl Morey, president of basketball operations for the Philadelphia 76ers. Certified Collectibles founder Mark Salzberg and Chief Executive Officer Steven Eichenbaum will retain a significant minority stake.
What do you think? Will CGC begin slabbing rare albums, cassette tapes, and CDs now?