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Entertainment

Jay Z Finally Acquires Streaming Company

Farouk Mohammed
By Farouk Mohammed
Published: March 12, 2015
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Jay-Z

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.

Jay Z’s initial bid was rejected by the minority shareholders because Project Panther Bidco, a subsidiary of hawn 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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TAGGED:CelebritiesJay Z
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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