Jay-Z previously was wrapped up in a dispute with Bacardi over their D’Usse partnership, with the disagreement reaching up to $2 billion.
The artist was offered around $500 million to get full ownership of D’Usse, which was rejected. When Hov responded by asking for $1.5 billion, that was also rejected. When both parties couldn’t reach a conclusion, Jay-Z sued Bacardi for mishandling the D’Usse brand. Since then, an announcement was noting both parties have settled their legal issues. It was noted that Bacardi bought out a good chunk of Jay-Z’s stake in the alcohol brand, helping them secure a majority interest of at least 75%, according to Bloomberg. However, as part of their deal, Jay-Z reportedly maintained a “significant ownership stake” in their agreement. Details on the amount paid out in the new deal for D’Usse and Jay-Z were limited, but it was suggested the deal was worth $750 million based on the company’s $3 billion valuation.
Via a press release, Jay-Z said:
“Growing D’usse over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing. The next phase of this journey will further cement D’usse’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”