Magic is gone after Vibe is sold to SpinMedia

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This deal looks more like a blocked shot for former Los Angeles Lakers star Earvin “Magic” Johnson, who was the chairman of Vibe Media since he and Ron Burkle’s Yucaipa Partners invested at least $10 million in 2011.
Late last week, Vibe Media was sold to SpinMedia. The investors… …read more
Source: NY Post

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