Source: Jamie McCarthy / Getty
The Wall Street Journal is reporting that Apple is currently looking at the possibility of purchasing TIDAL from Jay-Z and his partners. Apple is exploring its options because they want to have access to those artists who like Kanye West exclusively releasing music through Tidal like Kanye West
Jay Z launched his TIDAL service and brand in March 2015 after acquiring the service from Swedish company Aspiro for $56 million. Along with Kanye West, 18 other artists have equity in the company, including Daft Punk, Jack White, and Madonna. The terms of the potential deal are currently unknown. A Tidal spokesperson told WSJ that TIDAL executives had not met with Apple.
After news broke of the potential deal, Peter Kafka, a reporter for Recode, tweeted, “Apple has maximum leverage with Tidal, since Samsung walked away from M&A talks a few months ago.” He continued, “In any case, this is an asset Jay Z and his backers have been trying to sell for a long time.”
It looks like Jay-Z is about to get another really big check…
