Moshxmbe

Jay-Z offered Bacardi $1.5 billion for its half of their cognac. Bacardi said no. Fourteen months later Bacardi paid him $750 million in cash for half of his stake, by his own account 2012. Jay-Z and Bacardi launch D'Ussé as a 50/50 partnership. He raps about it, Bacardi makes and ships it December 2021. Jay offers Bacardi $1.5 billion for its half of the brand. Bacardi says no Court papers later show how far apart they were. Jay's side put the value at $2.5 billion. Bacardi's side put it at $460 million. Bacardi said he walked away from a "handshake deal" and demanded twice what was offered October 2022. Jay sues in Delaware to see the books. His argument: the buyout terms gave Bacardi a reason to run the brand down before paying him out February 2023. Settlement. Bacardi goes to at least 75%. Jay keeps the rest. This year he told GQ he took $750 million in cash for that quarter In the video below, GQ asks him if he has reached the top floor. His answer: "The next step is, like, owning the building" GQ had reminded him of a billionaire partner who once stayed a floor above him in the same hotel. Jay's update: "No, you're staying at my hotel" The case for Bacardi: they built the bottle, the distribution and the shelf space The case for Jay: the bottle sold because of his name $1.5 billion offered $460 million, Bacardi's side $2.5 billion, Jay's side $750 million in cash