Jay Z 'makes $40million bid to acquire late rock icon Prince's unreleased music' for his Roc Nation label 

By Jj Nattrass For Mailonline

Published: 04:45 EST, 26 October 2016 | Updated: 05:45 EST, 26 October 2016

As well as conquering the world of rap, Jay Z has made a name for himself in the record business as a savvy label boss. 

And it seems that the latest move to bolster the books of his multi-platform company, Roc Nation,  is to acquire the rights to Prince's unreleased music.

The Run This Town rapper, 46, is said to have offered $40million to the late musician's sister Tyka Nelson and her husband Maurice Phillips in order to snap-up the tunes.

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Wheeling and dealing: It seems that Jay Z's latest move to bolster the books of his multi-platform company, Roc Nation, is to acquire the rights to Prince's unreleased music

According to TMZ, Jay Z - real-name Shawn Carter - had Prince's only full-blood sister and her husband flown to New Yrok for a meeting.

The 99 Problems rapper is said to have made a bid to get the right to music that was unearthed at Prince's Paisley Park estate after his death in April.

The website claims that sources close to the Purple Rain hit-makers family said he made them an offer of 'around $40million'.

Make it rain? The Run This Town rapper, 46, is said to have offered $40million to the late musician's sister Tyka Nelson and her husband Maurice Phillips in order to snap-up the tunes

However there was a slight problem surrounding the deal, as Tyka is said to have to get agreement from all of the singer's brother and sisters, as well as the trust managing Prince's estate.

MailOnline has contacted a representative of Jay Z for comment.

While the status of the deal is unknown it is also said that the rapper is making a paly for the overall streaming rights to Prince's music.

Serious offer: TMZ write that sources peg his offer to Tyka and Maurice at 'around $40million'

Not the only one: However there was a slight problem, as Tyka is said to have to get agreement from all of the singer's brother and sisters, as well as the trust managing Prince's estate

The news comes days after Warner Brothers Records announced a 40-track greatest hits collection titled Prince 4Ever will be released next year. 

The announcement, made a week after a tribute concert in Prince's native Minnesota organised to offer closure after his sudden death on April 21, comes as his estate steadily moves forward on a business plan for his vast holdings. 

Prince 4Ever will include a 12-page book of photographs, and while consisting largely of the funk maestro's best-known hits from early and mid-career, the album will also feature the unreleased 1982 track Moonbeam Levels.

There will also be a second album to accompany classic LP Purple Rain released in 2017. 

His legend lives on: The news comes days after Warner Brothers Records announced a 40-track greatest hits collection titled Prince 4Ever will be released next year

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