John Mayer and McG have found their Rainbow Connection. The Grammy-winning singer and filmmaker have swooped in to buy the historic Hollywood home of The Muppets. "John Mayer and McG are under contract to buy Henson Studios,

John Mayer is set to purchase the storied Hollywood lot established by Charlie Chaplin and later owned by A&M Records and the Jim Henson Company, according to The Hollywood Reporter. A rep for Mayer — who has an office on the lot — confirmed that the musician,

John Mayer and director McG ( Family Switch) have teamed up to buy one of Hollywood’s most historic studio lots. According to The Hollywood Reporter, a spokesperson for guitarist/singer Mayer confirmed that the pair are “under contract to buy Henson Studios.”