Jay-Z in Negotiations to Acquire Tidal and WiMP Music Services
By Erick Mendoza
February 3, 2015
February 3, 2015
Media mogul and entertainer Jay-Z is in closing negotiations to acquire Swedish company Aspiro AB, which owns music streaming services WiMP Music and Tidal. The deal, reportedly valued at $56 million, is being handled by Jay-Z’s S. Carter Enterprises. Tidal is the American and U.K. version of WiMP Music, a streaming service that offers CD-quality music files. Once the deal closes, Jay-Z may join the ranks of Dr. Dre who sold his Beats Music streaming service to Apple last year. Continue reading Jay-Z in Negotiations to Acquire Tidal and WiMP Music Services