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Rolling Stone's Singapore shareholder wants to buy the magazine

Bloomberg
Bloomberg11/23/2017 8:48 AM GMT+08  • 3 min read
Rolling Stone's Singapore shareholder wants to buy the magazine
SINGAPORE (Nov 23): The 29-year-old founder of Singapore’s BandLab Technologies said he wants to buy the 51% of Rolling Stone he doesn’t own, adding the world-famous brand to his growing global music business.
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SINGAPORE (Nov 23): The 29-year-old founder of Singapore’s BandLab Technologies said he wants to buy the 51% 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.

“We really believe in building on the legacy and making sure we continue the vision that Jann started,” Kuok said in an interview in Singapore. “That’s why we got involved in the first place. We have a great relationship with the Wenners.”

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