Looks like hiphopprenueur Jay-Z will not be taking a bite out of the Apple after all. Perhaps the corporation took too long or negotiations are off. Instead the mogul is looking at signing one of the biggest music contracts in the history of the busines with Live Nation. Jay is rumored to be severing his ties with Def Jam as an artist for the package deal with Live Nation for 12 years. Live Nation, which unveiled a $120 million deal with five months ago, has been expanding its business model to develop more far-reaching and deeper relationships with artists beyond just handling their touring as CD sales plunge.