JAY-Z has agreed to a multi-billion-dollar deal with Bacardi surrounding the valuation of D’USSÉ, which comes after their heated lawsuit over the premium cognac.
According to Complex, the agreement saw Hov sell a majority stake in D’USSÉ. He previously had 50/50 ownership of the cognac brand with Bacardi, so it can assume that Bacardi now owns over 75 percent of D’USSÉ.
“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” Jay relayed in a statement. “The next phase of this journey will further cement D’USSÉ’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”
The Brooklyn-bred mogul previously made an offer of $1.5 billion to buy out Bacardi’s ownership stake which was ultimately turned down while valuing the company at a significantly lower $460 million.
However, Complex is estimating “that the newly announced acquisition stake was sold at a valuation of at least $3 billion.”
Prior to the agreement, JAY-Z made the strategic move at the top of 2023 to relocate the lawsuit against Bacardi to Bermuda, where Bacardi’s headquarters is helmed in the British Overseas Territory.
“SC is now preparing to bring litigation against Bacardi in Bermuda, where Bacardi is incorporated and headquartered (the ‘Bermuda Action’), for procuring a breach of D’Usse’s Operating Agreement under Bermudian law,” documents in the lawsuit read.
Hov opened up the lawsuit against the spirits giant in October, centered around concerns over their financial transparency regarding their 50/50 D’USSÉ partnership
The Roc Nation boss is riding high into the weekend where he’s set to also perform at the Grammy Awards at the Crypto.com Arena on Sunday evening (February 5).
JAY-Z is expected to be joined by DJ Khaled, whose star-studded “GOD DID” song he helped earn multiple nominations with his show-stopping guest verse.
The rich get richer, while virtue signaling and pretending to care about the poor. Mr “we oppressed”. No. Not “we”.
This man sold a service, and that service was his music his clothes and his spirits and alcohol, and other companies, he don’t owe us a damn thing whether we have it or not, so stop being lazy and get with your people and create some type of wealth, it don’t have to be millions just create something and stop complaining
Jay DOES owe us. NOBODY needs that much money while people are deeply impoverished, you racist nazi. Wheb communism takes over America, and it’s already happening, we will force people like him to EVENLY redistribute their wealth. Equity now! Nobody should have more or less than ANYONE else!
So do you live a minimalist lifestyle? I take it YOU don’t own any luxuries or designer brands because there are people that have less than you. I know you’re not buying Nikes or Yeezys when they’re our people that can barely cloth themselves. Do you practice what you preach or are you just a hypocrite like I thinks(rhetorical question I already know)
@Idiot Take billionaires out of it… If you get a job and BUST YOUR ASS to get promoted you honestly believe the guy doing the bare minimum deserves the same as the person who made sacrifices and put in the work? You’re the guy working on the dock complaining about the manager not doing more work.
You are correct. I don’t know any luxury brands. My shoes cost $20. The only Adidas I’ve ever had were left behind in a vox at a property. My smart phone is a $125 2013 model.
No, that is what is BS. A manager who works the same hours ad the burger flipper SHOULD NOT make more money! All workers worldwide should be paid exactly the same amount per hour! That’s only fair! Are you against equality?
I hope yall know socialism has failed multiple times in the last and caused a lot of issues, even in Europe with countries that have partial socialism. I’m literally a masters level economics student. Don’t hate someone for making more money thank you but instead work harder and get creative and that’s what rises you up. If you lack opportunity than do what you can the world isn’t fair. But it isn’t so unfair that people who got opportunities and worked hard should have to pay and lower themselves to be like those below. I’m not taking equal pay to no one who has less skills than me. Otherwise why work? And don’t say out of the goodness of your heart life isn’t that easy. And as foe the dude saying he has a smart phone and cheap shoes, you still have too much you have running water, pants and food when many don’t. Should we all just lose our medical help and our living conditions for a fake righteous ideology that ends up harming more people than it helps? We are at the lowest point for poverty in WORLD HISTORY proportionally and if we change it to cut everyone to equal suddenly we’ll likely go back to the dark ages.
Inflation is real dusse not a 6 billion dollar brand for 50% Tesla sales included is not a trillion dollar company why are companies overly valued & inflated
50/50 for being Jay Z? Y’all will believe anything!
50/50 for being Jay Z? They know people will believe anything!
MY NAME IS DANGEY YAAAH MY DICK BE HANGY YAAAH I HIT DIM WALLS MAKE BITCH UN ANGRY YAAAH I FLIP HER OVER YAAAH A DOG LIKE ROVER YAAAH BUST MY NUT KICK HER OUT SHE CAN’T CUM OVER YAAAH
MY NAME IS DANGEY YAAAH MY DICK BE HANGY YAAAH I HIT DIM WALLS MAKE BITCH UN ANGRY YAAAH I FLIP HER OVER YAAAH A DOG LIKE ROVER YAAAH BUST MY NUT KICK HER OUT SHE CAN’T CUM OVER YAAAH
MY NAME IS DANGEY YAAAH MY DICK BE HANGY YAAAH I HIT DIM WALLS MAKE BITCH UN ANGRY YAAAH I FLIP HER OVER YAAAH A DOG LIKE ROVER YAAAH BUST MY NUT KICK HER OUT SHE CAN’T CUM OVER YAAAH
I just realized half of this community are bots in the comment 😭 why did I respond at this point
fuck jayz , hes a house nigga
You mean to tell me he worth at least 3 billion. Wish I was his child. Congratulations