Softbank and Sprint Acquire Minority Stake in Jay Z’s Aspiro/Tidal for $250 million
It seems like the Jay Z’s acquisition of Aspiro (who own Tidal and Wimp) has made his a lot of money! Jay Z acquired Aspiro for $56 million last month. Now Telecommunications network Sprint and its parent company SoftBank have acquired a minority stake in Tidal for a reported $250 million.
That investment would then value Aspiro for around $500 million minimum if that reports are correct.
The New York Post also reports that Tidal claims to have signed up 100,000 new subscribers since its high profile, live streamed press conference and launch event last week.
