Deals
Rolling Stone's Singapore Shareholder Wants to Buy the Magazine
- BandLab seeks full ownership after acquiring 49% last year
- 29-year-old owner says he plans to build global music group
This article is for subscribers only.
The 29-year-old founder of Singapore’s BandLab Technologies Ltd. said he wants to buy the 51 percent of Rolling Stone he doesn’t own, adding the world-famous brand to his growing global music business.
Kuok Meng Ru, a member of one of Asia’s richest families, said he’s in talks to take over the magazine after Jann Wenner put his controlling stake up for sale two months ago, relinquishing his hold on the publication he co-founded in San Francisco in 1967.