Home Music Rolling Stone Sells 49 Percent Stake to Singapore Startup

Rolling Stone Sells 49 Percent Stake to Singapore Startup

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Over the weekend, Wenner Media announced that BandLab Technologies, a Singapore-based music-oriented social media startup, has purchased a 49 percent stake in Rolling Stone. The stake doesn’t include ownership in Wenner Media, the magazine’s corporate parent that also publishes Us Weekly and Men’s Journal. Following the sale, BandLab and Rolling Stone will form Rolling Stone International, a new subsidiary aimed at pushing the…