Pursuits
Jay Z Says Firm That Sold Him Tidal Inflated Subscriber Data
- Hip hop mogul says he wants some of his $56 million back
- A year after acquisition, Tidal still trails Spotify, Apple
Is Jay Z Showing Buyers Remorse with Tidal?
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Jay Z may be showing signs of buyer’s remorse, at least with regard to what he paid for his music-streaming service.
A year after buying struggling Tidal in a $56 million deal, the hip hop mogul is going after the previous owners for compensation. Tidal sent a letter to Schibsted ASA, a Norwegian media company, accusing the seller of overstating subscriber numbers at the time of the deal.