JAY Z's $56 Million Bid for Aspiro Accepted, Now Owns Swedish Streaming Company

Last week it has been reported that JAY Z had been denied by 10% of Aspiro’s shareholders for his

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Last week it has been reported that JAY Z had been denied by 10% of Aspiro‘s shareholders for his $56 million bid of the company. The Swedish company is behind two audiophile-oriented, high-fidelity music streaming services, WiMP and Tidal. However, it appears that the bid has now been accepted by the shareholders, after an assessment on the March 11 deal-sealing deadline — as reported by Billboard citing Swedish publication E24. The original holdup happened because the minority shareholders initially recommended to reject the bid after questioning the rapper’s plans for international expansion and his valuation of the company. It however isn’t clear what he is planning to do with the services though, so we’ll have to wait and see.

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