Jay Z’s $56.2 million bid for Aspiro, the Swedish streaming company, has been accepted. Swedish news outlet E24 confirmed the news. Minority shareholders had apprehensions at first but minority shareholder representative Sune Karlsson accepted the bid on their behalf.
In an email to E24, Fredrik Bjorland, head of the independent bid committee in charge of reviewing the offer ahead of its acceptance wrote, “We as a board tried to be as transparent as possible towards minority shareholders so that they could make the best possible assessment of the bid.”
here hasn’t been a ton of information on what Jay Z and Roc Nation is going to do with Aspiro. The company’s value is their international streaming services specializes in localized editorial teams dedicated to constructing highly personalized recommendations lists based on users’ listening histories.