Jay Z is reportedly part of a group in negotiations to purchase New York radio station Hot 97, according to a MediaTakeOut.com report published yesterday (January 18).

“According to a ROCK SOLID SOURCE – Shawn “Jay Z” Carter along with a group of investors that includes NY Knicks star Carmelo Anthony are currently NEGOTIATING TO BUY Hot 97 radio station,” Mediatakeout.com reports. “Talks are still early, but we’re told that both sides have HIRED LAWYERS and INVESTMENT BANKERS – and are serious in getting a deal done.”

Hot 97, home of Ebro, Peter Rosenberg, Miss Info and Funkmaster Flex, is considered one of Hip Hop’s legacy radio stations. Last week, Funkmaster Flex ranted against Jay Z.

“A couple years ago, I dropped that DJ Funk Flex app,” Funkmaster Flex said. “I get an email from a writer at Life + Times, the website. They want to talk to me about my digital involvement and write a story. First of all, I salute the young man who wrote the story. I appreciate the love, but bruh I’mma tell you something. I peeped back then when they was using a writer outside that did not work for the website. And that website is trash by the way. And I figured I’d say that trash so you take me serious on where I’m going. They do this interview after I drop my app. Asking me a lot of key questions about apps, building apps, how, why, how’d you launch it. But all of that didn’t get put in the story though. A lot of that information got put into that new Jay Z app.”

If the reported deal goes through, Jay would be Flex’s boss.

Miss Info also weighed in on the situation between Flex and Jay.

“Would give up 2 toes to have a few yrs of that uber selfconfidence that @DJFunkFlex has figure 34 yrs would be enough #nobigtoestho, ” MissInfo says on Twitter. “ Just wonder what that feels like zero selfdoubt or hesitating? SO freeing! Then again there those pesky consequences for us little people lol…socially the lines are so intertwined theres no way for real beef thankfully so much shared Roc Nation family its entertainment.”

Over the weekend, Funkmaster Flex further elucidated on his decision to speak out on Jay Z.

“I can have my opinion bruh because look, when you address a rapper, I’ma give you what you do: you wait for a hot song to come out, you jump on the remix, and then you throw a shot,” Flex says. “Which I respect by the way. If you ever plan on taking a shot like that at me or any sublim, I will be on this radio every day going at you. I just want you to understand, just ’cause I’m talking a little lower bro, that’s what it is.”

For additional Jay Z coverage, watch the following DX Daily:

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