Apple Kills Tidal Bailout Rumors
After financial filings that shows Tidal losses doubling to $28 million last year and hints that Jay Z's music streamer was running out of cash, there were renewed rumors that Apple was in acquisition talks.
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A top Apple Music exec has denied that Apple is in talks to acquire Jay Z's Tidal streaming music service.
“We’re really running our own race,” Jimmy Iovine told BuzzFeed News in an interview. “We’re not looking to acquire any streaming services.” When BuzzFeed News reached a representative for Tidal, they did not have a comment.
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