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Sprint to buy 33% of Jay Z's music streaming service

Jan. 23, 2017 9:06 AM ETSprint Corporation (S) StockBy: Stephen Alpher, SA News Editor11 Comments
  • Sprint (S) gets into to content, agreeing to purchase 33% of Tidal, Jay Z's music streaming service.
  • The deal will give Sprint's 45M retail customers access to Tidal's 42.5M song, 140K video catalog.
  • Sprint CEO Marcelo Claure will join Tidal's board. Terms of the deal were not disclosed.
  • Apple had previously been reported to have an interest in buying Tidal.
  • Shares +0.2% premarket

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