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Jay Z Buys Swedish Music Service to Take On Beats, Spotify

2015-01-31 04:34:18| Appliances - Topix.net

The rapper's holding company S. Carter Enterprises LLC agreed to buy Sweden's Aspiro AB, the maker of the Wimp and Tidal music services, for $56 million, according to statements from the companies today. The bid by Jay Z, whose real name is Shawn Carter, led to a 58 percent jump in Aspiro's share price in Stockholm.

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