Samsung is in talks to acquire the Tidal streaming music service, the New York Post reports.

The newspaper quotes “several” unnamed sources who claim Google and Spotify have also considered swooping for Tidal, which Jay Z acquired for $56 million through a purchase of Aspiro AB. Samsung, however, has reportedly positioned itself ahead of other potential suitors with plans for "something really big" in the pipeline.

"Samsung is re-engaging; they are working on something really big, and they’re keeping it very quiet in case it leaks,” reports the Post, quoting a source “close to talks.” An unofficial valuation of $100 million is mentioned in relation to Tidal.


http://www.billboard.com/articles/ne...source=twitter

NEWS #1 : Tidal achives 100 million subscribers worldwide, Jay-z thanks fans for support


NEWS #2: Samsung buys 100 million tidal accounts after signing a contract deal

Don't do it sis

Originally posted by KillingYourCareer a flop company buying another flop company

Not Samsung being a flop company

Originally posted by Ascension nnnnnn purchased at $56 million; currently valued at nearly double that in under a year. And the arm chair CEOs on here stay trying to question Jay's business acumen from their mama's basements. Flip it and move on to the next thing; I see what the vision was, but the crabs in a barrel mentality in the media really tainted the launch, unfortunately.

Originally posted by valyrianpopstar I am pretty sure that buying exclusive contracts from so many A+ artists required more than 50 million.. If an artist like Kesha's contract is worth so much that she cant pay it off, its pretty obvious he bought those contracts for quite lot

Originally posted by valyrianpopstar I am pretty sure that buying exclusive contracts from so many A+ artists required more than 50 million.. If an artist like Kesha's contract is worth so much that she cant pay it off, its pretty obvious he bought those contracts for quite lot