Ray J signs $31 million deal

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American singer and reality TV personality, Ray J signed a $31 million deal to launch his Raycon electronics transportation brand with Cowboy Wholesale, which is one of the leading distributor based in New York City.

Reportedly, Ray J will be taking an active role in the newly formed partnership, overseeing marketing and global branding strategies.

The deal was paid in the form of equity and cash, according to a press release.