It was previously reported sometime last week that Jay Z was in talks with Samsung, a company with whom he and his label, Roc Nation, have done extensive business, to purchase TIDAL, the Swedish music streaming platform Hov relaunched state-side in March of 2015. Samsung has finally responded to the claims, and it appears that there are no such conversations happening.
READ: Samsung reportedly in talks over buying Jay Z’s Tidal
A company spokesperson issued a statement to Variety denying the reports. ‘The rumour of Samsung acquiring TIDAL is not true,’ said a rep.
Talks of the streaming service acquisition were launched about a year ago. Jay Z’s ongoing relationship with the phone titan fueled those rumors. His Magna Carta Holy Grail album was released in partnership with the brand. And recently, Rihanna, who is signed to Roc Nation, brokered a similar deal for ANTI.
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