Jay Z makes another big move with a new deal with Sprint for his streaming music subscription service, Tidal. For the partnership Sprint will acquire 33% of Tidal for the cool sum of $200 million.
Sprint’s customers will have access to Tidal’s streaming services as part of the new partnership, with some 45 million customers now having an opportunity to experience Tidal. The deal now places Tidal at a valuation of $600 million. Jay Z originally purchased Tidal for $50 million, which makes this quite the turnaround on his initial investment. More news to come as they release more details on the new partnership.