Conqueror Of Rap Music; Jay Z ‘ Offers $40m To Acquire Late Prince’s Unreleased Music’ For His Roc Nation Label
As well as conquering the world of rap music, Jay Z has made a name for himself in the record business as a savvy label boss.
And it seems that the latest move to bolster the books of his multi-platform company, Roc Nation, is to acquire the rights to Prince’s unreleased music.
The Run This Town rapper, 46, is said to have offered $40million to the late musician’s sister Tyka Nelson and her husband Maurice Phillips in order to snap-up the tunes.
According to TMZ, Jay Z had Prince’s only full-blood sister and her husband flown to New York for a meeting. The 99 Problems rapper is said to have made a bid to get the right to music that was unearthed at Prince’s Paisley Park estate after his death in April.
The website claims that sources close to the Purple Rain hit-makers family said he made them an offer of ‘around $40million’.
However there was a slight problem surrounding the deal, as Tyka is said to have to get agreement from all of the singer’s brother and sisters, as well as the trust managing Prince’s estate.