Monday, January 23, 2017
Sprint To Buy A Third Of Tidal Music
(Reuters) -- Wireless carrier Sprint Corp said on Monday it would buy 33 percent of Tidal, a music streaming service owned by rapper Jay Z.
Apple Inc was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June.
Sprint Chief Executive Marcelo Claure will join Tidal's board.
Tidal calls itself an "artist-owned" service backed by Kanye West, Jay Z's wife Beyoncé and Madonna among others, and is available in more than 52 countries.
Posted 9:25:00 AM