According to TMZ, Atlanta powerhouse label Quality Control, home of the Migos, City Girls, Lil Yachty, and Lil Baby, was acquired by Hybe America in a deal worth $300 million. 

Scooter Braun, who is known as Justin Bieber's longtime manager, is also the CEO of Hybe, and he spoke on the acquisition, which was finalized on Wednesday (February 8). He stated, "QC is one of the most significant independent labels in the world. They not only distribute music, but they also distribute culture. Their artists are the voices of their communities."

Coack K, who co-founded QC with Pierre "P" Thomas, also spoke out, stating, "P and I are ecstatic about this partnership with Scooter and HYBE and are confident they can get us to our global ambitions we’ve had in our scope since the beginning of our company as nothing means more than our artists impacting world-wide." 

He added, "HYBE are perfect partners for Quality Control as we come together to take our story and work global. … Taking QC worldwide requires key partners like this who understand building something from the bottom and aiming sky high. It matters to us greatly their grasp of culture and acutely seeing what QC has built and the limitless path of where it can go. … The artists of QC are our focus and their best interests will be incredibly supported with this partnership." 

After social media users started claiming that Coach K and P sold out, P took to Instagram to address the situation, writing, "I don’t usually post long notes but I recorded some thoughts tonight. There’s no value in separation. There is so much more value when people are working together and not hating and taking eachother down. Especially when you come from nothing. Stop thinking people are selling OUT. Instead see people are selling IN and see that you are building something to create more-for everybody. Black entrepreneurs are not getting these opportunities on a regular basis and they should be.
Let’s stay inspired and celebrate the blessings and leveling up and breaking of barriers. Ready For The Next Chapter. [sic]" 

Source: Complex