We told you a couple of weeks ago that hip-hop mogul, Dame Dash and self-proclaimed genius, Kanye West teamed up to purchase street wear website Karmaloop, but apparently there’s a hold up on the purchase. Although the two confirmed the purchase on Instagram, they have yet to formally proceed with the purchase. The site will actually be put up for sale at an auction, starting at $13 million and even if sold to Dame and Ye’, they may not have full control. Apparently, Karmaloop’s CEO, Greg Selkoe announced that he plans to return as the company’s CEO following the auction. Looks like we’ll just have to wait and see who wins the auction.
What are your thoughts on Dame Dash & Kanye West teaming up to buy Karmaloop?