Sprint has acquired a 33 percent stake in Jay Z‘s streaming service Tidal, the two companies announced today (Jan. 23). A source familiar with the matter tells Billboard that the purchase was for $200 million and that Jay and each of the company’s two dozen artist-owners will remain part owners.
Here’s Twitter’s take.
Twitter Hilariously Reacts To Sprint Purchasing A Stake In TIDAL was originally published on globalgrind.com
1. You do the math.
Jay Z bought Tidal for $56mil. Sprint just bought 1/3 of Tidal for $200mil. That means Tidal is now worth $600mil - 10 times what Jay paid.— DJ Vlad - VladTV.com (@djvlad) January 23, 2017
2. Note to Sprint users.
Let me go download Tidal on my lil Sprint phone pic.twitter.com/KORkNZnxpU— Rasheeda, He Did That To Me (@KaceyChante) January 23, 2017
3. Major bag alert.
Jay Z gotta stop doing these legitimate drug-esque deals man without letting a kid in. 200 million bruh for selling 33% of Tidal to Sprint.— Ashton Morris (@ashtonmorris1) January 23, 2017
4. Questions that need answers.
Is my Sprint bill gonna go down since I have Tidal? https://t.co/uaByRC0yMN— Malikah A. Shabazz (@malikahcreates) January 23, 2017
5. “Difficult takes a day, impossible takes a week.”
6. The biggest joy of them all.
Beyoncé, now you can release anything you want (Tidal exclusive or not), I'm a Tidal subscriber again pic.twitter.com/Tn859pwyP1— cadelinha de Camilla De Lucas (@lovedrxught) January 23, 2017
7. Fingers crossed.
Tidal deal done = new Hov album, no?— Sean. (@itsSeanMc) January 23, 2017