Hip-Hop Record Label 300 to Seek $400 Million in Sale

Megan Thee Stallion accepts the Best New Artist award onstage during the 63rd Annual GRAMMY Awards.

Photographer: Kevin Winter/Getty Images

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300 Entertainment, the record label of Megan Thee Stallion and Young Thug, is exploring a sale, according to two people familiar with the process.

The company is expected to sell for at least $400 million, said one of the people, who asked not to be identified because the talks are private.