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WSJ: Apple in Talks to Acquire Jay Z’s Tidal Music Service

Speaking of Apple and streaming music rivals:

Apple is in exploratory talks to acquire streaming-music service Tidal, headed by rap mogul Jay Z, according to people familiar with the matter.

The talks are ongoing and may not result in a deal, these people said. Apple is exploring the idea of bringing on Tidal to bolster its Apple Music service because of Tidal’s strong ties to popular artists such as Kanye West and Madonna.

Doesn’t really make any sense to me why Apple would do this, but I felt the same way about the Beats acquisition.

Thursday, 30 June 2016