Apple Inc. (NASDAQ:AAPL) is reportedly in talks to acquire Jay-Z’s Tidal music streaming app.
Apple acquiring Tidal would give the company more resources for its own Music app. However, people close to the matter said there may be no deal if talks don’t go well. A Tidal spokesperson also said that company executives weren’t involved in any talks.
If Tidal is bought by Apple, it would bring two of the most well-known hip-hop artists to the company. Dr. Dre joined in 2014 when AAPL bought Beats and Jay-Z would likely help the service appear more friendly to other artists, reports The Wall Street Journal.
Recode also confirmed that Apple was in talks to buy Tidal. It noted that Samsung Electronic KRW5000 (OTCMKTS:SSNLF) already walked away from a deal to acquire the music streaming service and that rival Spotify doesn’t have the money to take on AAPL.
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