Report: Prince Estate Rejects Jay Z's $40 Million Offer for Unreleased Music Catalog

Update II (11/14): TMZ is reporting that the (itself alleged) $40 million offer Jay Z made Prince's siblings for the icon's unreleased music has been squashed. The site's sources say Prince's estate sent a letter to Hov in October "saying it had no interest in signing a deal for 'Roc Nation to exploit any of the intellectual property assets of the Estate.'"

TMZ also says the estate is unhappy about 15 Prince albums up for streaming on Tidal, writing that "those releases were unauthorized according to the estate."