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.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in