Jay-Z’s Roc Nation Invest In Digital Sports Platform Fanatics

International online sports retailer Fanatics is now valued at $18 billion, this comes after the company received a massive investment from big name investors. 

According to CNBC, the sports e-commerce merchandise company has secured an additional $325 million in its latest round of funding to help expand its online offerings. 

Some of the investors include Jay-Z and his entertainment company Roc Nation. Other investors in the sports platform comes from MLB, SoftBank, Silver Lake, Eldridge, TWG Sports Media & Entertainment, and Insight Partners.

The music’s mogul’s investment portfolio consist of various sectors like media, music, entertainment, cannabis, education, housing and more. 

Online publication AfroTech reports that Roc Nation recently announced the co-launch of its own multimedia platform called “EDITION by Modern Luxury” created to “amplify and elevate voices that are shaping popular culture.”

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