Cappuchino

Cappuchino

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Jay-Z's $1.5 Billion Offer Gets Rejected by Bacardi

The battle is still on between Barcadi and Jay-Z. Remember he hit the liquor company with a lawsuit over claims they wouldn't give him the proper paperwork in regards to his D'Usse cognac. They both own the cognac, 50/50. At one point, he wanted to sell is share in the business. Jay was even trying to force the company to buy him out of their 50/50 partnership in D'Usse. But, according to new docs, it was Jay who first tried to buy out Bacardi, back in December 2021. According to TMZ, Jay-Z made a big offer by trying to buy full ownership of D'Usse and pay $1.5 billion. You would think they'd give in, but Bacardi rejected the offer. So things do get a little weird because before Jay even made the offer, he valued the cognac at $2.5 billion but Bacardi hit him with a value of only $460 million. So why not take the buy-out? That's what Jay is puzzled by and think there is something shady going on. Jay's now asking the court to modify the result of an arbitration both parties went through to settle the sale, although Jay is almost ready to walk away from it all.

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