Will entrepreneur and rapper Shawn “Jay Z” Carter take a bite of Apple? Or will Apple swallow whole Jay Z’s Tidal, an artist-owned music-streaming service, by buying the company that has 4.2 million subscribers and a revolving door of executives?
Rumors are flying that Apple Inc.’s Apple Music is exploring buying Tidal. The Wall Street Journal recently reported the story. Spokespersons for Tidal and Apple have declined to comment.
In May 2014, Apple Music purchased Beats Music & Beats Electronics for $3 billion from rapper Dr. Dre (Andre Romelle Young). Beats Electronics makes headphones, speakers and audio software.