Apple says it’s not buying Tidal, but doesn’t deny talks

It’s been rumored for months that Apple was thinking about buying Tidal, the music streaming service started by Jay Z, but the iPhone maker now says a deal certainly isn’t on the cards. Speaking to BuzzFeed News, Apple Music head Jimmy Iovine didn’t deny that the two companies had held discussions, but said that no acquisition was forthcoming. "We’re really running our own race," Iovine told the publication. "We’re not looking to acquire any streaming services."

The first rumor of a deal was reported by The Wall Street Journal in June, with Apple said to be particularly interested in Tidal’s close relationship with high-profile artists. The streaming service has been home to exclusives from a number of musicians including Beyoncé,...

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