After a small setback, it looks like Jay Z's bid to own Swedish music streaming company Aspiro hasbeen accepted. Back in January, Jay bid $56 million into the company, which owns high fidelity streaming services WiMP and Tidal.
It was originally reported by Billboard that the minority shareholders that controlled 10 percent of Aspiro's shares had considered blocking the bid after they questioned his plans for international expansion.
Today, news broke that the bid was accepted just before the Mar. 11 deadline, as reported by Billboard. No one knows what Jay plans to do with the service, though this is a major purchase for Jay who also launched a film and TV management firm last month.
source: complex.com BY JUSTIN DAVIS
Today, news broke that the bid was accepted just before the Mar. 11 deadline, as reported by Billboard. No one knows what Jay plans to do with the service, though this is a major purchase for Jay who also launched a film and TV management firm last month.
source: complex.com BY JUSTIN DAVIS
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