JAY-Z REPORTEDLY SELLS HIS CONTROLLING STAKE IN D’USSE FOR $750 MILLION

Last week, news broke that JAY-Z reached an agreement in his legal battle with D’USSE. We now have a number.

According to Bloomberg, HOV and Bacardi were able to close the multi-billion dollar lawsuit with the brand purchasing Jay’s purchasing stake in the company for $750 million. Hov will retain a “significant ownership stake,” signaling a purchase of JAY-Z’s majority stake.

“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” JAY offered in a statement. “The next phase of this journey will further cement D’USSÉ’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”