On the hit 30 Something from his 2006 album Kingdom Come, Jay-Z boasted: You aint got enough stamps in your passport to f**k with Young HO, international. According to the New York Times, the rap behemoth who is set to close a handsome $150 million deal from Live Nationmight be right.

Live Nation, a major concert promotion company based in Beverly Hills, California gave pop icon Madonna a $120 million deal last year, and uber-rock band U2 a 12-year partnership for an undisclosed amount.

According to the Times, Jay-Z (real name Shawn Carter) will complete a package deal that includes a start-up label, as well as a music publishing, talent consulting and management company. Live Nation will provide the star with a $25 million advance, and a $5 million-per year overhead deal over five years.

The rapper most recently joined forces with Steve Stoute to form Translation Advertising in New York, an umbrella of Translation Consultation and Brand Imaging, which focuses on multicultural advertising.

For four years, Jay-Z served as the president of Def Jam. He stepped down from his post last year, but owes the label one more album. Upon his leaving, Jay-Z said simply, Its time for me to take on new challenges.