Young Jeezy Expands Corporate Thugz Ent. W/ New Signing

Details of the signing landed online over the weekend.

We reported last Monday that Freddie Gibbs was close to signing with Jeezy's imprint, Corporate Thugz Entertainment, which is owned by Def Jam. And less than a week's time, that news has been confirmed. The Los Angeles-by-way-of-Gary, Ind. rapper announced his signing to CTE at a concert last night in Chicago. He even brought out Jeezy to, perhaps, make it that much more official. While part of me wants to congratulate Gangsta Gibbs, I'm also extremely nervous. I mean, how long have we been waiting for Jeezy's latest, TM 103? And does it even have a release date anymore? Time to cross our fingers. (Prefix Mag)

Gibbs also confirmed the deal was complete via his Twitter page.

"Rumor is that I'm about to sign with Kanye West.," he tweeted before breaking the news on April 10th. "CTE OR NOTHIN." (Freddie Gibbs' Twitter)

In late March, speculation of a deal being in the works emerged.

XXLMag.com has learned that 2010 XXLFreshman, Freddie Gibbs, is on the verge of signing to Young Jeezy's CTE Record label. Rumors broke out months ago that Gibbs was in talks with the imprint, but according to sources close to the deal, the agreement is done. All that is left is the paperwork. Reps for the Gary, Indiana native have yet to return phone calls for comment as of press time. (XXL Mag)