Jack White spends $300K on Elvis' first record

Remember back in January, when Elvis Presley's first recording sold for $300,000 to "an undisclosed buyer"? Well, that buyer now has been disclosed, and it was Jack White.

The 78-rpm acetate, which contained a pair of 1930s ballads, My Happiness and That's When Your Heartaches Begin, was valued at $100,000. An 18-year-old Presley paid $3.98 plus tax to record the two songs in 1953. But White paid $300,000 for it at a Jan. 8 auction held at Graceland, Presley's Memphis, Tenn., home.

According to Billboard, White plans to release the two songs for Record Store Day, which is April 18.