Jay-Z Gets Into Music Streaming With $56M Bid For Aspiro, Owner Of WiMP And Tidal

TechCrunch

Dr. Dre might not be the only rapper in the music streaming business for long. That’s because Jay-Z is making a move to buy Aspiro, a Swedish company that operates the WiMP Music service and Tidal, as it is known some markets, according to local media reports.

Project Panther, which is owned by Jay-Z’s S. Carter Enterprises, has bid 464 million Krona (that’s around $56 million) to buy the Nasdaq Stockholm-floated company outright, according to a press release. A deal is subject to shareholder agreement but, with Aspiro’s board of directors unanimously recommending that the offer is accepted, its completion seems imminent.

WiMP is available in a handful of European markets — Denmark, Germany, Norway, Poland and Sweden — while Tidal offers a “higher fidelity” service, which boasts a superior quality of sound than to the likes of Spotify, Rdio and Deezer’s services. Available in the UK and the U.S. since October 2014, Tidal is priced…

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