Jay Z Jumps Into the Swedish Content Stream

Rapper tenders $56 million to acquire Aspiro and its U.S. service Tidal

Many folks will not have heard of Swedish-based company Aspiro before today. But it’s a whole new ballgame now.

Per a report by UPI writer Veronica Linares, Jay Z has tendered an offer of $56 million to acquire the overseas firm:

Aspiro offers a subscription service called Tidal in the the U.S. that allows users to stream “HiFi quality audio,” magazines and video content. Jay Z – whose real name is Shawn Corey Carter – reportedly
plans to make the purchase through one of his side ventures, Project Panther Bidco.

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