Acquisitions happen all the time in the technosphere, but this is one that won’t be coming to fruition.
Samsung has confirmed it has no plans to buy Jay Z’s Tidal music streaming service.
The news follows an “exclusive” report published by Variety that claimed Samsung was “considering” buying Tidal.
The report went on to suggest that Samsung wanted to use Tidal to replace the tech giant’s soon-to-be-shuttered Milk Music.
In the wake of the report, however, a Samsung spokesperson gave the following comment:
“We think it is important to clarify on-the-record for you and your readers that the rumour of Samsung acquiring Tidal is not true.”
Related: Best Music Streaming Service
It’s worth noting that Samsung didn’t deny allegations that Milk Music would be shut down, however.
Milk Music was originally intended to be a competitor to Pandora, but has seen little uptake.
What’s more, Samsung already shut down sister service Milk Video in 2015, only one year after it launched.
In a comment to Variety, the company said: “Samsung remains committed to delivering engaging, connected entertainment experiences through our Milk platform.”
(apester:56b47eebef54eee31e9379e4)
Do you think Tidal would’ve made a good addition to Samsung’s portfolio? Let us know in the comments.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.