50 Cent Gets Approved To Promote

According to reports, hip hop mogul 50 Cent has been approved for a boxing promoter's license by the state of Nevada. 50 Cent, born Curtis Jackson, and attorney Leon Margules, will also provide the commission with two years worth of Jackson's income tax returns, a financial statement listing the fighters SMS has under contract and a letter stating that the assets that had previously been under TMT's name are now in SMS's name.

The news effectively ends TMT (The Money Team) as a promotions operation.

50 Cent allegedly said that, despite the fact that he and Floyd Mayweather, Jr. had agreed to go into business together as TMT, Mayweather decided to take a different route after being released from prison. "But I had already invested $1.5 million in acquiring fighters and I would like to move forward," 50 said.

50 Cent Acquires Audio Company

Rapper/businessman 50 Cent and his company SMS Audio have acquired headphone manufacturer KonoAudio. As a result of the partnership, SMS Audio will now release three different types of headphones: wired, earbuds, and wireless. The brands are expected to debut this fall.

“I’m eager for my fans to hear my music the way it was intended – the way it was mastered in the studio,” said 50 Cent in a statement. “The acquisition of KonoAudio will enhance our ability to bring the absolute, highest-caliber audio products to the market.”

“I am excited to be part of the SMS Audio brand and believe in the forward-thinking nature and quality commitment of the company,” explained Brian Nohe, founder of KonoAudio. “KonoAudio has made significant investments in the areas of product development and branding resources and I am proud to bring that experience to SMS Audio. The businesses make a great combination.”