Lovers of hip hop... All Jay-z fans should come over here. The rapper bids to buy music streaming service. The legend's company (Project Panther), has agreed to take over Sweden-based Aspiro for a reported $46 million (£31m). His bid to buy the music streaming service has created some competition between his company and Beats Music, founded by Dr Dre and bought by Apple in 2014.
Tidal currently offers users access to 25 million tracks, in addition to 75,000 music videos and other content including artist interviews for £19.99 per month.
That contrasts with Spotify's charge of £9.99 per month for 30 million tracks.
When Tidal launched in the UK, What HiFi's review said the relatively high subscription charge was "a fair price to pay" in return for its quality.
Jay Z has sold more than 100 million records worldwide and is estimated to be worth $520 million (£345m), but as well as being one of the world's biggest selling music artists, he has a range of business interests.
If successful, his bid will add streaming to a portfolio including 40/40 Club sports bars, Armand de Brignac Champagne and clothing brand Rocawear.
The rapper's company Project Panther described Aspiro as "an innovative high-quality company with strong future growth potential
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