...As Island Def Jam president, the 33-year-old New York native would report to chairman Antonio “L.A.” Reid, who joined the label in February. The label’s last president, Kevin Liles, was ousted in July.
It’s expected the label will seek to sign Jay-Z to a three-year deal, the source said.
Separately, Universal Music Group has also been in talks with Jay-Z and longtime business partners Damon Dash and Kareem “Biggs” Burke to buy their Roc-A-Fella Records label. But Universal’s bid to hire Jay-Z is not contingent on acquiring Roc-A-Fella, the source said...
