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Sprint Buys Big Stake In Tidal

Sprint has acquired a 33% share of Tidal the music streamed service founded by Jay Z. “A source familiar with the matter tells Billboard that the purchase was for $200 million and that Jay and each of the company's two dozen artist-owners will remain part owners,” the trade publication reports. “As part of the deal, Tidal will become available to Sprint's 45 million retail customers.”

Read the whole story at Billboard »

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