Jay Z bid for Aspiro blocked by shareholders?
Aspiro minority shareholders may try to block Jay Z's attempt to buy the company, following rumours of discontent last month that the $56 million offer did not sufficiently value its potential.
The deal saw Project Panther Bidco, of which Jay Z is the main shareholder via S. Carter Enterprises, LLC, offer the Board of Aspiro a premium of 59.1% on its share price. Aspiro is the parent company of high fidelity streaming service Tidal.
Sune Karlsson, chairman of the shareholder’s equity ...
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