jaykemp
New Head-Fier
- Joined
- Dec 17, 2014
- Posts
- 24
- Likes
- 10
The New York Times and others are reporting that Jay Z has made a $56M offer to buy Swedish company Aspiro, which owns Tidal and WiMP. You can read the story by clicking on the following link:
http://www.nytimes.com/2015/01/31/business/media/jay-z-bids-on-aspiro-a-swedish-music-streaming-company.html
From the article:
I'm a Tidal subscriber, and a big fan of the service, and I hope, if the acquisition does happen, that Tidal can be the better for it. Very specifically, I'm also hoping Tidal continues with its plans to adopt Meridian's MQA technology, which I've heard several impressive demos of (and have had many interesting conversations with Meridian about), and which I may be posting about separately soon.
Does the acquisition look likely? According to an article in MusicBusinessWorldwide, an executive from Aspiro's biggest shareholder on the board (Schibsted) is recommending the sale, saying...
Quote:
...which suggests to me that a sale looks more likely than not.
wow! big moves from jay z!