Jay Z Lands Aspiro Streaming Company for $56 Million

| March 12, 2015 | 0 Comments
Photo Credit: www.blackbergtv.com

Photo Credit: www.blackbergtv.com

Jay Z continues to take the term, ‘entrepreneur’, to a whole other level with his latest business endeavor. Recently, Hov landed the Swedish television and music streaming company, Aspiro, after they were reportedly looking to rejecting the deal made by Jay Z’s Shawn Carter Enterprises.

Their thoughts about rejecting it floated in their minds due to the minority shareholders who had control over 10 percent of the streaming company. However, Jay Z would not be denied and continues to be the one to watch when it comes to making big moves.

Shortly after the new year began, Jay Z didn’t hesitate to put in this $56 million bid for Aspiro, the music streaming company held 500,000 paid users, last December, as well as received high praises from the company’s board. Project Panther Bidco, a branch of Shawn Carter Enterprises had this to say about Aspiro,

“Panther believes that the recent developments in the entertainment industry, with the migration to media streaming, offers great potential for increased entertainment consumption and an opportunity for artists to further promote their music. Panther’s strategic ambition revolves around global expansion and up-scaling of Aspiro’s platform, technology and services,” a spokesperson stated earlier this year, according to Billboard.com.

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