NEW YORK (AP) — Former pharmaceutical chief Martin Shkreli’s campaign to build up an impressive music portfolio rolls on.
After spending $2 million for the sole copy of Wu-Tang Clan’s “Once Upon a Time in Shaolin” late last year, the 32-year-old former hedge fund manager is now offering $10 million to become the sole owner of Kanye West’s new album.
Shkreli, an active Twitter user, posted a copy of an offer letter for West’s new album “The Life of Pablo” to his account on Thursday. In the letter, Shkreli, asks West to withhold the release of his album and instead sell it to him.
Shkreli said in a separate tweet that West and his label, Universal Music Group, are legally required to take his offer to their board. He said it could delay the album’s release by a few days.
Most Read Stories
- Rachel Dolezal struggling after racial-identity scandal in Spokane
- Aerospace firm Electroimpact agrees to pay $485K after AG finds ‘shocking’ discrimination against Muslims
- No repeal for 'Obamacare' — a humiliating defeat for Trump VIEW
- Here's where the Seahawks stand in free agency
- Wave goodbye: Live Seafair hydroplane-race TV coverage sputters out after 66 years VIEW
West has yet to comment on Shkreli’s offer on his official Twitter account, but did tweet Friday that the album was being mastered and would be out on Friday.
Universal Music Group did not immediately respond to an email seeking comment.
Shkreli made headlines last year after a drug company he founded, Turing Pharmaceuticals, spent $55 million for the U.S. rights to sell a life-saving medicine called Daraprim, then raised the price by more than fifty-fold.
He was called last week before a congressional committee investigating the price of drugs, but cited the Fifth Amendment privilege against self-incrimination.
Before the meeting was over, however, Shkreli was back on Twitter, calling members of Congress “imbeciles.”
Shkreli is out on $5 million bail after being arrested in New York in December on securities-fraud charges not directly related to the drug price increase.