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January 23, 2017 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/y7qdCPfEaoE/sprint-purchases-33-percent-stake-in-tidal-for-200-million
Sprint Purchases 33 Percent Stake in Tidal For $200 Million
Sprint has acquired a 33 percent stake in Jay Z's music streaming service Tidal, the two companies announced today. From a report: A source familiar with the matter tells Billboard that the purchase was for $200 million and that Jay and each of the company's two dozen artist-owners will remain part owners. As part of the deal, Tidal will become available to Sprint's 45 million retail customers, while the companies will partner for exclusives from its artists, according to a press release.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/y7qdCPfEaoE/sprint-purchases-33-percent-stake-in-tidal-for-200-million
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