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Wednesday, March 18, 2015

Jay Z Purchase of Aspiro Done Deal

3-13-2015


Multiple Scandinavian news sources are reporting that despite the news last week that the bid had been blocked, Jay Z has purchased Wimp and its parent company Aspiro. The current owners, who control 90 percent of shares in Aspiro, have accepted the offer worth $54 million. The purchase pits Jay Z into direct competition with Beats Music, purchased by Apple's $3 billion acquisition in 2014.

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