Jay Z Officially Buys Swedish Streaming Company Aspiro For $56.2M

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Jay Z attends Toronto Raptors v Brooklyn Nets – Game Six

NEW YORK, NY – MAY 02: Jay-Z attends Game Six of the Eastern Conference Quarterfinals during the 2014 NBA Playoffs at the Barclays Center on May 2, 2014 in the Brooklyn borough of New York City.
(Photo by Elsa/Getty Images)

After weeks of negotiating and rumors of a possible fall-out, Jay Zs $56.2M bid to buy Aspiro has finally been accepted. Hovs Project Panther Bidco initially made an offer earlier this year, but not all of the Swedish streaming companys shareholders were fully sold. Stay tuned as more information surfaces on the deal, and how the partnership will change the streaming industry.