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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.

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

Photographer: Kevin Winter/Getty Images

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.