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Nas-Backed Company Pluto TV Sold To Viacom For $340 Million

Nas-Backed Company Pluto TV Sold To Viacom For $340 Million

Nas is solidifying his mogul status yet again. Reports show that Nas’ Queensbridge Venture Partners invested millions in the streaming app, Pluto TV, which just sold to Viacom for $340 million.

“Since our launch less than five years ago, and particularly over the past year, Pluto TV has enjoyed explosive growth and become the category leader in free streaming television. Viacom’s portfolio of global, iconic brands and IP, advanced advertising leadership and international reach will enable Pluto TV to grow even faster and become a major force in streaming TV worldwide. Viacom is the perfect partner to help us accomplish our mission of entertaining the planet.” –Tom Ryan, CEO and Co-Founder of Pluto TV

[via MP3Waxx]