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SAMSUNG, GOOGLE & SPOTIFY IN TALKS TO BUY TIDAL FROM JAY Z

SAMSUNG, GOOGLE & SPOTIFY ARE IN TALKS TO BUY TIDAL FROM JAY Z

Jay Z's music streaming service, Tidal, is worth up to $250million and now Samsung, Google and Spotify are plotting to battle it out to get ownership. The company, which began in October 2014, has had the luxury of putting out exclusive album releases from artists such as Rihanna's "ANTI" album, that was also part of a $28million sponsorship from Samsung.

Jay Z's relationship with the phone giant is no secret as they broke the RIAA rules in 2013 to deliver his last album, "Magna Carter Holy Grail", which went platinum just by being delivered to one million Samsung smartphones for free. Samsung are now one of the companies interested in purchasing Tidal from Jay Z.

However, it is rumoured that Google and Spotify are also watching and waiting to see if any potential deal with them can be made. Check out the excerpts from the New York Post below.

Phone giant Samsung, which enjoys a long relationship with Jay Z’s music streaming service, has restarted talks to acquire the 16-month-old company, several sources told The Post.
Samsung, which is expected to have a big presence at this year’s Oscars, has long been rumoured as an interested buyer — and has held on-and-off talks with Tidal.
“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 the talks.
A spokesperson for Samsung said: “It is our policy to not comment on rumours 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.
Read the full article via the New York Post

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