The American hip-hop star Jay-Z purchases, Aspiro, the company behind the Norwegian music service Wimp. It writes Reuters.
The bid from Jay-Z’s company Project Panther Bidco Ltd is worth SEK 464 million.
Aspiro owned the main part of Schibsted, as in a press release explains that they will accept the offer because Schibsted not consider Aspiro as a core business for the Group.
Aspiro’s Board writes in a press release that they urge all owners of the company to accept the offer .
Wimp sounds just like Spotify users stream music. The company has not yet been seen in Sweden, but is Norway’s leading music service online. Wimp available except in the Nordic countries also in the US and UK, under the name of Tidal.
Jay-Z has, in addition to his music career, invested in the garment business and sports bars.