Sprint Buys 33 Percent Stake in Jay Z’s Tidal

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Jay Z’s streaming service Tidal and telecommunications giant Sprint announced a new partnership of 33 percent stake in Tidal that will provide 45 million Sprint users with access to Tidal and exclusive content from the platform.

Sprint’s CEO, Marcelo Claure, will sit on Tidal’s Board of Directors. Billboard reports that the company paid approximately $200 million for their share in Tidal.

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