Recently Spotify accused Apple of trying to monopolize the music streaming market by preventing its competition from progressing, like rejecting Spotify’s app update. While Apple Music is far from becoming the dominant music streaming platform, they are backed by Apple’s massive resources and with those resources, Apple could be considering all kinds of things, like acquiring Tidal.
A report from The Wall Street Journal has suggested that Apple and Tidal are in talks about a possible acquisition of the latter company. However before you get too excited (?) about the acquisition, the report does that while talks are ongoing there is a chance that nothing may come from it. After all companies do have discussions from time to time with nothing concrete resulting from the talks, so this is really no different.
That being said, it seems that a Tidal rep has claimed that the company’s executives have not held talks with Apple, so there is also a possibility that these might simply be false rumors. However in the past we’ve seen companies flat out deny rumors, only to have them proven true later on, but for now we’ll have to take Tidal’s word for it.
Take it with a grain of salt for now, but what do you guys think of the rumor? Would acquiring Tidal be a good idea, especially to get exclusives from the likes of Kanye West?
Filed in . Read more about Apple Music, Music and Tidal.