Despite a momentary lapse earlier this week where it appeared that Aspiro may try to block the bid from the hip hop mogul in hopes to receive a higher offer, Jay Z is now the official owner of the Swedish tech company. Shareholders were said to have initially been cautious of the offer due to their personal valuation of the company and as news of his plans included international expansion they were wary of accepting the early bid.

Tidal and WiMP service the higher quality audiophiles that include curated playlists, interviews and songs for streaming and downloading in FLAC format, which is the fastest and most widely supported lossless audio codec. At present they are only available in six countries across Europe and have over 58,000 paying customers.