Friday, 26 February 2016

Jay Z to sell Tidal to Samsung?

This is according to New York Post.......

Samsung, which is expected to have a big presence at this year’s Oscars, has long been rumored as an interested buyer — and has held on-and-off talks with Tidal.

[The phone company] ponied up some $28 million to sponsor Rihanna’s latest album and tour. The 28-year-old singer is a partner in Tidal and is signed to Jay Z’s Roc Nation label.

“Samsung is re-engaging; they are working on something really big, and they’re keeping it very quiet in case it leaks,” said a source close to talks.

A spokesperson for Samsung said: “It is our policy to not comment on rumors or speculation.”

Google and Spotify have also been eyeing Tidal, sources said. Both believe Tidal, although struggling, can bolster their own digital music services.

Talks the companies are having with Tidal now appear to be aimed at smaller partnerships, sources said.

Spotify has discussed creating an initiative that could produce a Tidal “powered by Spotify” partnership rather than an acquisition.

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