Jay Z is making big moves once again, you know his last album Magna Carter Holy Grail via his own app for Samsung Galaxy users and he raked in $5 million dollars before one record was sold. Now, Hov has his eyes set on owning his own form of digital music steaming.
Jay has reportedly made a $56 million offer to acquire the Swedish company, Aspiro.
Aspiro has issued a press release stating that Jay’s company, Project Panther, initially made the bid in December and that it has already received preliminary acceptance by the company’s board.
Panther is slated to obtain both of Aspiro’s streaming services Tidal and WiMP, which currently has over 500,000 paying users.
The New York Times has alleged that the deal will likely come equipped with an additional profile for Roc Nation.
Hov will have to compete in a fierce streaming market that already includes digital giants such as Spotify, YouTube, Rhapsody and Beats Music. Did you know, Tom Brady listens to Jay Z before his games ? He reveals which Hip Hop artist is in his headphone before his games.
“I’m a big Jay Z fan,” the New England Patriots quarterback says. “That’s who I’m usually listening to.”