Monday, January 23, 2017

Jay Z keeps winning! Sprint buys stake in Tidal

Jay Z is finally making money from the $56million investment he made in Tidal three years ago. According to reports, Sprint has purchased a 33% interest in the company – and the sale cost Sprint around $200m, valuing Tidal at $600m.

Sprint’s chief executive officer, Marcelo Claure, will also join Tidal’s Board of Directors. In exchange for its new ownership stake, TIDAL has inked a deal with Sprint which it says will “make exclusive content that will only be available to current and new Sprint customers”