Magic Johnson and Ron Burkle's Yucaipa Invest in Vibe

Magic Johnson Enterprises and Ron Burkle's The Yucaipa Cos. have made an investment in Vibe Holdings, which owns Vibe Magazine and the Soul Train TV show and library. Financial terms were not announced. Earvin "Magic" Johnson will become chairman of Vibe Holdings. InterMedia Partners, a New York PE firm, currently owns Vibe.

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