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Magic Johnson Buys $14.5 Billion Life Insurance Company

The $14.5 billion deal, which represents the largest transaction involving a financial services company from an individual African American entrepreneur or group of African American entrepreneurs, sees Magic Johnson Enterprises gain control of Equitrust, an enterprise that distributes fixed-rate and indexed annuities and life insurance through a national network of more than 23,800 independent agents.

Click here to read more. As an aside, should anyone from Equitrust be reading this, you should proof your Google adverts again. 

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