- 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