Jay Z finalizing purchase of Aspiro, a streaming service

jay-z-2013-billboard-650

Jay Z has made a $56 million dollar offer on Aspiro, a Swedish streaming company, for 59.1% controlling interest in Aspiro’s two services: WiMP and Tidal. It has been reported that Aspiro could be competition for Spotify as it attracted 580,000 customers between its launch in 2010 and last fall, and with Jay Z’s name attached, it could mean even bigger business for the company.