50 CENT TO SIGN $300 MILLION MURDOCH DEAL?
Rap superstar 50 CENT is on the verge of signing a new branding deal with media mogul RUPERT MURDOCH’s company - worth a cool $300 million (£150 million).
The In Da Club hitmaker is in final negotiations with Murdoch’s News Corp firm - which owns social networking site MySpace - for a large stake in all aspects of the 50 Cent brand, including music, concerts, books and his label G-Unit Records.
If the agreement goes ahead, G-Unit Records and its roster of artists will move under News Corp’s MySpace Records umbrella.
According to reports, half of the $300 million deal will be in stock, potentially making 50 Cent - real name Curtis Jackson - one of the biggest News Corp shareholders.
However, the deal is not expected to be finalised until next year (09) allowing the star to fulfil all of his contractual obligations with his current label, Interscope Records.
Movie & Entertainment News provided by World Entertainment News Network (www.wenn.com)
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