Sprint to buy 33 percent stake in rapper Jay Z's music streaming service Tidal
Sprint (NYSE:S) on Monday announced a deal to acquire 33 percent of music and entertainment platform Tidal.
Tidal will provide content that will only be available to current and new Sprint customers.
Jay Z and Tidal's artist-owners will continue to run the service, while Sprint Chief Executive Officer Marcelo Claure will join Tidal's board of directors.
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