Soulja Boy Will Not Receive $400 Million Cash As Part Of Endorsement Deal

Soulja Boy won;t be receiving $400million cash. Atlanta rapper Soulja Boy will not receive $400 million cash as part of a newly-announced deal with CelebrityWorld.com, according to a spokesperson for the company. The rapper is probably regreting that tweet right now.

According to spokesperson Matthew Bird, who recently spoke with Forbes, the deal Soulja Boy tweeted about earlier in the month “is not a fully cash transaction,” and is instead reliant upon a number of different factors.

“He really kind of jumped the gun,” Matthew Bird said while speaking on Soulja Boy. “The deal is capped at $400 million, and it’s based on a forward-thinking valuation of the company. He’s young, he’s 25 years old. He got really excited, and he tweeted something he probably shouldn’t have tweeted. He was getting a lot of pressure from within the entertainment community, so he wanted to put a statement out. Obviously, the company’s market cap is at $51.8 million. There’s no way they could cut a $400 million deal. Endorsement deals are calculated on a lot of different factors. This is not a fully cash transaction.”