Iconic Hip-Hop figure and legendary rapper Jay Z has finally had his bid for ownership of the Swedish streaming company Aspiro has been accepted.
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Hip-Hop mogul finally acquires streaming company
The legendary rapper expands his portfolio into the music streaming business.
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Jay Z's initial bid was rejected by the minority shareholders because Project Panther Bidco, a subsidiary of Shawn Carter Enterprises owned by Jay Z upfront with “its plans for international expansion” and “the calculations that went into the initial $56 million bid.”
The $56m bid has now been accepted by the shareholders. Aspiro is a Swedish company that owns the streaming services of Tidal and WiMP.
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