Jay Z is finally making money from the
$56million investment he made in Tidal three years ago. According to reports,
Sprint has purchased a 33% interest in the company – and the sale cost Sprint
around $200m, valuing Tidal at $600m.
Sprint’s chief executive officer, Marcelo Claure,
will also join Tidal’s Board of Directors. In exchange for its new ownership
stake, TIDAL has inked a deal with Sprint which it says will “make exclusive
content that will only be available to current and new Sprint customers”
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