Jay Z's @S_C_ $56 Million Bid For Streaming Company, Aspiro, Accepted

It looks like Jay Z has pulled off an acquisition of Swedish streaming company Aspiro, which runs Tidal and WiMP.

Billboard reports that Jay made a $56 million bid earlier this year that was initially almost rejected because minority shareholders weren't keep on the idea of global expansion, nor the calculations that went into the initial bid.

That hurdle has been cleared, according to Billboard. Jay is acquiring the company via Shawn Carter Enterprises subsidiary Project Panther Bidco.

Aspiro's mission statement, per their website.

Aspiro is a media technology company at the forefront of the ongoing redefinition of music consumption. Through its subscription service WiMP, the company offers a complete music experience with HiFi quality audio and integrated editorial, magazine and video. In parallel, Aspiro is a content provider to the online media industry through RADR, helping its partners to attract and retain visitors on their websites.

The Aspiro Group delivers a subscription-based streaming service (WiMP Music) through direct B2C sales channels as well as indirect channels through telecom and cable partners. The company also operates a video content syndication platform (RADR Music News) that facilitates content monetization between publishers and content owners through advertising.

What Jay's plans to do with the company is not clear as of yet.

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin Connect With Me On Google+ Join My Website Follow Us On Twitter

Views: 47

Comment

You need to be a member of PaperChaserDotCom to add comments!

Join PaperChaserDotCom

Like My Official Facebook Page & Follow On Google+ & Instagram

My title

Instagram page contents

Follow Me On Twitter, Instagram, Facebook, YouTube

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin Connect With Me On Google+ Join My Website Follow Us On Twitter

Connect With Me On Linkedin Connect With Me On Google+ Join My Website Follow Us On Twitter

Follow Us On Instagram

Badge

Loading…

Events

About

© 2017   Created by ChasinDatPaper.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Facebook Login JavaScript Example