CGC sells, valued at over 500 million…

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?


Indie Volt

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

Check this out!


ICON 2017

ICON a convention focused on independelty created media taking place November 4th and 5th 2017.

Welcome to Indie Volt!

Here's to the crazy ones. The misfits. The rebels.