Jay Z Acquires Swedish Tech Company Aspiro & Their Lossless Music Streaming Service Tidal
Jay Zmay have been stifled by the minority shareholders of Aspiro when he put in his massive $56,ooo,ooo bid last week, but it appears now board could hold Hov down. Today it was announced that Jay's 8-figure bid -- submitted through his own Project Panther Bidco company -- was accepted by the shareholders (called it) who command only 10 percent of the company. While Aspiro has been getting most of the shine in matter, it's really the company's lossless streaming platform Tidal that everyone's been after, as it offers a quality 4x greater than what comparable platforms provide (Spotify, Beats, Apple's forthcoming streaming endeavor) allowing consumers to stream hi-fidelity audio wherever they're at, whenever they want it. Hov is expected to make the official announcement of the acquisition any day now, so be on the look out for that. We'll be sure to keep y'all abreast to any and all of Jay Z's business dealings in and out of the rap game in the weeks and months to come. If you're looking for your boy on a track in some shape or form, jump back and peep Jay Electronica's "Road To Perdition," complete with Hov's ad libs peppered throughout the cut.
spotted at Business Insider
