Another Nas-Backed Company Has Been Purchased By Amazon For $1 Billion
Earlier this year it was reported that the rapper would earn $40 million for being an investor in Ring, a doorbell security company that was acquired by Amazon for $1.2 billion. Now, Amazon has agreed to acquire PillPack, another company Nas invested in.
A door-to-door service that allows customers to purchase medication online and have it delivered to their door, PillPack was bought by Amazon for $1 billion according to the Chicago Tribune. Nas was an early investor in PillPack; Queensbridge Venture Partners (QVP), his business firm, began investing in PillPack back in 2014.
Pharmacy owners TJ Parker and Elliot Cohen are expected to make $100 million each from the deal. However, it’s unknown how much Nas will make from it.