Aspiro

Aspiro is a media technology company. It was founded in 1998. The company mainly provides subscription based lossless music streaming services under two brands, WiMP and Tidal. The company is headquartered in Norway. It has additional offices in Sweden, Denmark, Germany and Poland.

On January 30, 2015, it was told that Aspiro had received a $56 million takeover bid from Project Panther Bidco Ltd. That was indirectly owned and controlled by entertainment mogul Jay-Z. Even though some minority shareholders opposed the takeover and argued that Project Panther undervalued the growth potential in their bid, the acquisition was announced finalized on March 13. That was after being accepted by over 90% of the shareholders.^[1]^[2]^[3]

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References

↑ "Schibsted ASA (SCH) - Schibsted accepts an offer from Project Panther Bidco to acquire Aspiro". Schibsted. 2014-01-30. Retrieved 2015-03-14.
↑ "Jay Z's $56 Million Bid for Aspiro Undervalues Company, Say Shareholders". Billboard. 2014-02-24. Retrieved 2015-03-14.
↑ "Jay Z Buys the Music Streaming Firm, Aspiro". NY Times. 2013-03-13. Retrieved 2015-03-14.

[1] "Schibsted ASA (SCH) - Schibsted accepts an offer from Project Panther Bidco to acquire Aspiro". Schibsted. 2014-01-30. Retrieved 2015-03-14.

[2] "Jay Z's $56 Million Bid for Aspiro Undervalues Company, Say Shareholders". Billboard. 2014-02-24. Retrieved 2015-03-14.

[3] "Jay Z Buys the Music Streaming Firm, Aspiro". NY Times. 2013-03-13. Retrieved 2015-03-14.

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