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Prince's Estate Denies Jay-Z Offer For Unreleased Music

After legendary singer Prince was found dead in his home from an accidental drug overdose earlier this year, rapper and businessman Jay-Z made a move to purchase the late singer’s unreleased music. TMZ reported that Jay sat down with Prince’s sister and offered around $40 million for the cherished catalog.

Apparently Prince’s estate has made a decision: No deal. TMZ has confirmed that the estate sent a letter to Jay-Z’s camp saying that they actually aren’t down to let "Roc Nation to exploit any of the intellectual property assets of the Estate." Yikes. They’re also claiming that Tidal, part-owned by Jay, was not authorized to make 15 of Prince’s albums available for streaming shortly after his death.

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