Nas has been building his business empire over the past decade. A big part of his business exploits have been because of his organization, Queensbridge Venture Partners. Q.V.P has had major success with investments in Lyft, Dropbox, and Coinbase. More recently, the organization has found success with investments in Ring and PillPack, which were both acquired by Amazon for $1 billion each. As a result, Nas rose to the number six spot on the Forbes Cash Kings list with $35 million. Given the success Nas had in 2018, it comes as no surprise that he is starting off the new year with a major move.
We're excited to announce the acquisition of @PlutoTV, the leading free streaming television platform in the U.S. An important part of our evolution, the deal helps expand our offerings to consumers, distribution partners & advertisers. Welcome! https://t.co/mcWUvawBBj $VIAB pic.twitter.com/G2VJDH00BL
— Viacom (@Viacom) January 23, 2019
Not long ago, Q.V.P invested in the live streaming service, Pluto TV. In a tweet earlier this week, Pluto TV revealed that it had been acquired by Viacom for $340 million. Viacom wrote, “We’re excited to announce the acquisition of Pluto TV, the leading free streaming television platform in the U.S.” In response, Pluto TV wrote, “Thanks for the warm welcome Viacom. We are so excited to join the family. With the power Viacom, Pluto TV will accelerate our mission of entertaining the planet.”
