No Merger Between 'Magic' and Johnson Co.
Retired NBA legend and current business developer Ervin “Magic” Johnson is no longer in talks to buy Johnson Publishing Co., the company behind Ebony and Jet. Johnson Enterprises has issued a statement, published in Folio, saying the deal went kaput.
A haunting image (.jpg) of Magic and Jet’s torrid past, after the jump.
Last week, we heard rumors that Magic Johnson Enterprises was in talks to buy the magazine publisher. Looks like the deal didn’t pan out.
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