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”
Monday, January 23, 2017
Unknown
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