JAY Z Now Owns Streaming Services, Tidal and WiMP

JAY Z is now the owner of Aspiro, a Swedish tech company behind streaming services Tidal and WiMP. Following reports that his bid of $56 million USD was blocked by shareholders in hopes of a better offer, it is now reported that the amount has been accepted and the deal is completed. Shareholders were initially wary of JAY Z’s plans for international expansion and the valuation of the company. Tidal and WiMP service the higher, more upscale audiophiles, with curated playlists, interviews, and songs for streaming and downloading in the lossless FLAC format. Currently, Aspiro’s streaming services is available in six countries across Europe, with over 580,000 paying customers.