Jay-Z took to his twitter to clear up the rumor before it spread to far. Contrary to GQ and blog reports he is not buying out Pharrell‘s Billionaire Boys Club , but rather partnering with him.
“‘Partnering with @4real4rell on BBC” follow him.. (Not “buying” as GQ erroneously reported.)”
How deep the partnership goes, only time will tell, but for know just know, nobody has bought anything.