Prince’s Estate Turns Down Jay Z’s Offer To Buy Prince’s Unreleased Music.

Last month, Jay Z offered Prince‘s estate $40 million for the late singer’s unreleased music, The rapper, 46, met in New York with Prince’s only full-blood sister, Tyka Nelson, and her husband, Maurice Phillips, to acquire the rights to the tunes. Nelson reportedly has to get the rest of the “Purple Rain” legend’s family to sign off on the deal before any contracts can be finalized.

Here’s an update on that situation.

Sources involved in the deal tell TMZ the estate fired off a letter to Jay’s team last month, saying it had no interest in signing a deal for “Roc Nation to exploit any of the intellectual property assets of the Estate.”

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