Home Music Sprint Buys 33 Percent of TIDAL for a Reported $200 Million

Sprint Buys 33 Percent of TIDAL for a Reported $200 Million

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Sprint has purchased 33 percent of TIDAL, the music streaming company owned by Jay Z and two dozen other artists. Terms of the sale were not disclosed, but Billboard reports the phone carrier invested $200 million.

Jay Z, who bought TIDAL for $56 million in 2015, issued a statement praising the investment. “Sprint shares…