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JAY-Z Sells Controlling Stake in D'USSÉ Cognac for $750 Million USD
1 month ago - By Hypebeast
JAY-Z 's legal dispute with Bacardi has come to an end since the music mogul has sold his controlling stake of the D'USSÉ Cognac brand for $750 million USD. Bloomberg reports that the multi-billion dollar lawsuit over his cognac venture has been resolved after months of arbitration and litigation. The settlement was announced in a press release and called for an affiliate to buy out JAY-Z's 50% stake of the cognac company, leaving Bacardi owning 75.01% of the rest of the business. The rapper will still retain "a significant ownership stake" through his SCLiquor LLC company. He said in a...
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