Rumors are swirling that Jay Z is plotting to make a major money move.
TMZ is reporting that Jay Z is plotting to buy Harvey Weinstein’s shares in the Weinstein Company:
Multiple sources connected to Jay tell us … Jay, along with several other investors including a famous movie producer and a billionaire, are talking about purchasing Weinstein’s 23% interest in the company.
Jay has had a working relationship with TWC and Harvey … he has a deal in which he has produced a movie, “The Kalief Browder Story.” He has also a Trayvon Martin miniseries slated for production. Jay has a first-look film deal with the company.
Our sources say Jay wants his relationship with the company to continue and grow, and since Harvey is out he’s looking at acquiring a substantial equity stake in the company.