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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apple Inc | NASDAQ:AAPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10.82 | 6.25% | 183.85 | 183.83 | 183.87 | 187.00 | 182.66 | 186.645 | 163,107,585 | 23:11:53 |
From May 2019 to May 2024
By Daisuke Wakabayashi, Hannah Karp and Patience Haggin
Apple Inc. is in exploratory talks to acquire Tidal, a streaming-music service run 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.
Terms of the potential deal aren't known.
Jay Z bought the service in March 2015 for $56 million from Swedish company Aspiro. He launched the service under the brand Tidal a month later. He has given 19 famous artists and bands small stakes in Tidal and promised each millions of dollars worth of marketing, according to people familiar with the matter.
A Tidal spokesman said Tidal executives had not held talks with Apple.
Write to Daisuke Wakabayashi at Daisuke.Wakabayashi@wsj.com, Hannah Karp at hannah.karp@wsj.com and Patience Haggin at patience.haggin@wsj.com
(END) Dow Jones Newswires
June 30, 2016 18:33 ET (22:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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