Jay-Z Makes a Bid to Acquire a Swedish Streaming Music Company

January 30, 2015 6:06 PM

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Jay-Z’s empire may soon be a little bit larger. The rapper and business mogul is about to get into the streaming music business.

On Friday, the Swedish company Aspiro, which is behind the streaming services WiMP and Tidal, announced that Jay-Z’s company, Project Panther, had submitted a bid to acquire Aspiro for $56 million. The deal, which already has unanimous approval, according to a board statement, would catapult Jay-Z, ...

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