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Jay-Z’s Tidal bid seemingly approved

By | Published on Thursday 12 March 2015


It looks like Jay-Z’s bid for the company behind streaming services WiMP and Tidal is going through, despite some griping from minority shareholders.

As previously reported, while key shareholders and management at Swedish firm Aspiro quickly backed the bid by a Jay-Z led vehicle to buy the streaming music firm, an association representing smaller investors said the deal wasn’t generous enough.

But then this week a rep for those minority shareholders said he was now recommending all investors accept the bid which, according to Nordic business news service E24, means the deal now has the green light.

Quite what big, bold and ambitious moves Jay-Z and his team will make in order to help WiMP and Tidal stand out in the increasingly crowded streaming music marketplace remains to be seen. I know, how about a freemium option playing only music released by Ministry Of Sound?