Tidal's Madonna, DeadAmu5, Kanye West, Jay Z and J
Cole
Last week rapper Jay Z and singer Madonna
floated rumors via the New York Post (again) stating tech
company Samsung was interested in buying the struggling,
failed music streaming company Tidal, owned by the
aforementioned entertainers, for $100,000,000 (Samsung
Seeks To Buy Sinking Tidal As Two More Executives Depart
From The Struggling Company In The Face Of Mounting Lawsuits).
The Judiciary Report exposed the so-called
deal as a bad buy, citing the numerous liabilities that
exist, such as ripping off artists who have signed up with
the service, mounting lawsuits and the fact the entertainers
that own it have run the company into the ground, after
buying it as Aspiro, then changing its practices and name to
Tidal. Two days after the Judiciary Report's article,
Samsung issued a statement regarding the item in the New
York Post, claiming the company was interested in buying
Tidal for $100,000,000. Samsung stated, "The rumor of
Samsung acquiring Tidal is not true."
STORY SOURCE
Samsung Says It Won’t Buy Tidal (EXCLUSIVE)
March 4, 2016 | 05:42PM PT - Samsung has no
plans to acquire Jay Z’s Tidal music service, the company
told Variety Friday. “The rumor of Samsung acquiring Tidal
is not true,” said Samsung spokesperson, breaking the
company’s silence on the matter. This comes after months of
reports about conversations between the two companies...
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