On this day in Hip-Hop history, Island/Def Jam purchased Roc-A-Fella Records.
On this day in 2005, Island/Def Jam purchased the independent Roc-A-Fella Records. Damon Dash, Kareen "Biggs" Burke, and Jay Z sold Roc-A-Fella to Def Jam for $10 million. Jay Z was named president and CEO of Def Jam Records.
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