Kanye West and Dame Dash Take to Instagram to Confirm their Purchase of Karmaloop

News continues to swirl around the possible fold, bankruptcy and/or selling of Karmaloop, with the most recent coming from the man himself, Greg Selkoe and possible partners, Dame Dash and Kanye West. It seems as if the rumors have been confirmed thanks to Dash’s Instagram videos and Selkoe’s tweet embeded below; Dash and West are currently in negotiations to purchase Karmaloop. Dash states, “You know, honorable people stick together, so this is how the generations do. Now you super famous (pointing to West) and we linking up and we decided to go buy Karmaloop. We just talked about it, so it’s gonna happen, and a couple other cool things.” Selkoe has made the point to mention that he’s not going anywhere and plans to remain a part of Karmaloop’s future. Stay tuned for more information.

For more on Dame Dash and his entrepreneurial spirit, read this interview with HYPETRAK.

Good speaking today @kanyewest say what up to Don for me!

— greg (@Selkoe) March 26, 2015