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# Minority Shareholders Shift,  Approve Jay Z Acquisition Of Aspiro’s Streaming Music Services
- URL: https://www.hypebot.com/minority-shareholders-shift-approve-jay-z-acquisition-of-aspiros-streaming-music-services/
- Published: 2015-03-11T11:00:00.000Z
- Updated: 2015-03-11T11:00:00.000Z
- Description: It looks like Jay Z really is going to get into the streaming music business with a $56 million purchase of Aspiro, the Scandinavian company that owns WiMP and its hi-def. Continue reading [https://www.hypebot.com/hypebot/2015/03/minority-shareholders-shift-approve-jay-z-acquisition-of-aspiros-strea
- Author: Bruce Houghton
- Tags: Music Business, Streaming, Aspiro, Dr Dre, Jay-Z, music industry, Reuters, Scandinavia, Shareholder, Spotify, Streaming media, WiMP, #wp, #wp-post, #Import 2026-01-21 10:28

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c746fbca970b-115wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c746fbca970b-popup?ref=hypebot.com)It looks like **Jay Z** really is going to **get into the streaming music business** with a **$56 million** purchase of **Aspiro**, the Scandinavian company that owns **WiMP** and its hi-def audio cousin **Tidal.**

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d0e9215f970c-150wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d0e9215f970c-popup?ref=hypebot.com)

A group of 120 shareholders that were blocking Jay Z's acquisition of Aspiro and its WiMP and Tidal streaming music services have dropped their objections, clearing the way for a sale. " “We have together with the major shareholders decided that it is best to accept the bid,” the leaders of the shareholders block said in a statement.

This should clear the way for Project Panther Bidco, the investment group led by Jay Z, to take control of the company within the next few weeks.

WiMP is already a competitor of Spotify's in Scandinavia and elsewhere in Europe. The company launched its hi-def offshoot Tidal in the US, UK and Canada late last year. As of late October 2014, WiMP had 512,000 paying subscribers globally including 20,000 who pay $20 per moth for hi-def Tidal.

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