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Perhaps noting the success of contemporary Dr. Dre with Beats, Jay Z has now purchased Aspiro, a Swedish tech company that runs two streaming music services: WiMP and Tidal
The cost of the acquisition was $56 million, according to Reuters. Jay Z will add the purchase to an empire that includes 40/40 Club sports bars and the Rocawear clothing brandForbes estimates Jay Z's (née Shawn Carter) wealth at $520 million.)
Jay Z told Reuters that he had been watching Aspiro for some time, and considers the company “an innovative high-quality company with strong future growth potential.” Read more...
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