Jay Z may be rejected on his $56 million Aspiro bid

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A few months back we got news that Jay Z had put in a bid for a music streaming service by a company named Aspiro. But now reports are that Aspiro is close to rejecting the deal from Project Panther Bidco which is a subsidiary of Jay Z’s own Shawn Carter Enterprises. It is being said that the reason the $56 million may be rejected is because of the minority shareholders who control up to 10 percent of Aspiro. The main concert from these shareholders is the fact that Project Panther Bidco has not be upfront with their “ plans for international expansion”. They now have until march 11 to decide if they want to accept or deny any offers.

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