Jay-Z is #WINNING!

Call him King  J-Midas; He Has The Golden Touch!

Talk About Big Pimping’ spending G’s.

You can replace those G’s with about 56 Milli’s! Precisely $56.2 of them there greenbacks. According to sources in the Music Industry, and most notably Billboard Magazine’s article has confirmed that rapper and Mogul Sean “Jay-Z” Carter has made history again with his latest business venture. Jay Z's $56.2 million bid for Swedish streaming company has been accepted, according to a report in Swedish news outlet E24. Roc Nation representatives did not immediately respond to a request for comment.

  

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You can replace those G’s with about 56 Milli’s! Precisely $56.2 of them there greenbacks. According to sources in the Music Industry, and most notably Billboard Magazine’s article has confirmed that rapper and Mogul Sean “Jay-Z” Carter has made history again with his latest business venture. Jay Z's $56.2 million bid for Swedish streaming company has been accepted, according to a report in Swedish news outlet E24. Roc Nation representatives did not immediately respond to a request for comment.

Why Jay Z's Streaming Purchase Is a Very Smart Move

The bid had been questioned by minority shareholders, before minority shareholder representative Sune Karlsson detailed today his recommendation to accept. The bid was strongly supported from the first by majority shareholder Schibsted ASA.

Jay Z's $56 Million Bid for Aspiro Undervalues Company, Say Shareholders

"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," wrote Fredrik Bjorland, head of the independent bid committee in charge of reviewing the offer ahead of its acceptance, in an email to E24.

There's been little indication of Shawn Carter and Roc Nation's plans for his new acquisition, though artist exclusives from Roc Nation's long list of major stars is a reasonable expectation. As well, Aspiro's WiMP platform already provides ample space for editorial, which would dovetail nicely with Carter's Life + Times blog. Not to mention Jay-Z has also launched his Gold Fragrance exclusively at Macy's.  It like he's King Midas, with the golden touch!
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