Jay Z to acquire Wimp music service

January 30, 2015 2:03 PM

5 0

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

The platinum-selling artist and record producer Jay Z used his controlling stake in Project Panther Bidco to launch the 464-million-kronor ($56-million, 49-million-euro) bid for Aspiro, the Swedish-listed company behind Wimp.

Read more

To category page