Jay Z's $56 million bid for Aspiro, the Swedish tech company behind the streaming services Tidal and WiMP, has been accepted by shareholders. The services are for the more upscale audiophiles, with curated recommendations and playlists, artists interviews, and songs you can stream and download in lossless FLAC format. They are available in six countries across the European market and have over 580,000 paying customers. It appeared briefly that Aspiro shareholders might try to block the bid in the hopes of a better offer, but the deal is now done.
Jay Z officially owns streaming music services Tidal and WiMP
Efforts to reject his bid and solicit a better offer didn't fly