![](http://gist.mp3bullet.ng/wp-content/uploads/2016/07/jayz-tidal2.jpg)
American rapper, business mogul and music demi-god, Shawn Corey Carter
popularly known as Jay-Z has sold one-third (33%) of Tidal’s streaming
service to Sprint for over $200 million.
Commenting on the recent development, Marcelo Claure said;
Jay saw not only a business need, but a cultural one, and put his heart and grit into building Tidal into a world-class music streaming platform that is unrivaled in quality and content
Jay-Z on the other hand also had some good words to throw around saying Marcelo understood Tidal’s goals;
Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.
However Jay-Z would retain stakes in the company as $75 million fund would be dedicated to musicians’ exclusive releases, this being agreed by both parties.