Apple In Acquisition Talks With Tidal

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The Wall Street Journal reports that Apple is in talks to buy hi definition music streaming service, Tidal which is owned by Hip Hop mogul, Jay-Z.

Two years ago, Apple made a similar acquisition when it bought out Dr. Dre-backed Beats Electronics for $3 billion. Beats Electronics had a streaming service, Beats Music at then.

With this recent talks, Apple joins the queue of tech companies that have been courting Tidal. Samsung has been in at least one round of talks with the company. Google and Spotify have also reportedly approach regarding partnerships.

The acquisition might not hurt Tidal as despite the support it enjoys from Jay-Z and his famous colleagues, their subscription is only at 4 million users. Apple Music meanwhile gained 11 million subscribers in less than a  year of its operation.

Both companies are yet to comment on the recent development.

 

King

King

King is a writer and guitarist. He is an opinionated, multi talented individual with love for music and everything it concerns

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