Jay Z Believed To Have Found A Buyer For Tidal

News & Views | Gerren Keith Gaynor | 10/19/2015 | 10:00 AM EDT

Hip-hop mogul meets with executives at Samsung

Rumors continue to swirl around Jay Z's reportedly struggling music streaming company, Tidal, after the rapper was spotted visiting Silicon Valley.

Variety reports Jay Z met with Samsung executives in a possible attempt to sell his wildly alleged failing business.

Jay, real name Shawn Carter, had a series of meetings, including with the SVP of content and services which owns Milk Music. 

Samsung launched Milk Music as a free Pandora competitor in early 2014, according to Variety. The music service, however, has not performed well. Like Milk Music, Tidal has seen its fair share of hurdles, having replaced its CEO multiple times since being purchased by the hip-hop mogul.

Executives Jump Ship Following Rumored Troubles At Jay Z's 'Tidal'

Jay Z teaming up with Samsung is believed to be a smart business move, one that can be profitable for both parties.

Samsung could offer Tidal a huge distribution base by pre-loading its app onto its handsets, Variety points out. Additionally, Jay Z's brand and name recognition could give Samsung the market edge it desires.

Any talks of a business deal, however, remains hearsay. 

Reps for Samsung declined to comment, while Tidal failed to respond. 

(Photo: Jamie McCarthy/Getty Images for Roc Nation Sports)

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