Just 18 months after rapper Jay Z purchased the service for $56 million, it appears that tech behemoth Apple is close to acquiring Tidal.
The company, which currently has the second-most popular music streaming service on the planet, is attracted to Tidal's roster of popular artists that have stakes in the service.
A few of those artists are Kanye West, Jay Z's wife Beyonce, Madonna, ... [ read the full article ]
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Originally posted by ivymike: WTF, Apple?!? Beats Music not enough for ya??? You gotta gobble up every damn independent music service out there just to dismantle them???
"Gobble up"? I dunno; like most similar services, Tidal doesn't (yet) turn a profit, so I think this is a brilliant move by Jay-Z, more than greed from Apple ^^' . He stands to make out quite nicely.
It was probably a deal made behind the scenes long ago. Let JayZ buy it, get it more popular then apple would offer him more money for it. Seems like a typical the rich helping the rich get richer.
