DatPiff Owner MediaLab Buys Genius for $80M

Lyric and annotation hub Genius has been acquired by the tech holding company MediaLab for $80 million, Bloomberg reports. The deal is nearly equal to the $77.7 million in funding Genius has raised in to date, according to Crunchbase.
Launched in 2009 as Rap Genius, the Brooklyn-based company quickly rose to prominence as it became the de facto website to analyze and research the meaning behind the lyrics of rap’s biggest superstars. Founded by Tom Lehman, Ilan Zechory and Mahbod Mogh