Jay Z offered $56 million for WiMP, a growing Scandinavian music streaming service similar to Spotify. The offer was foolishly rejected, with the owners completely unaware that Hov can just call the Devil and take it if it pleases (this according to my Facebook friends who believe what they hear in YouTube "documentaries" set to eerie music). From The Local SE:
A 464 million kronor bid ($56m) by rap mogul Jay Z to take over Scandinavian music streaming service Wimp – Spotify's biggest rival – has been blocked by the firm's Swedish owners.
Over 10 percent of the minority owners of Wimp's parent company Aspiro had rejected the bid, saying the ball was now in the rap star's court. The Swedish Shareholders' Association said in a statement that Jay Z would now have to amend his original offer for a 90 percent stake in the company.
"The bidder has not reacted, either by withdrawing the bid, raising the offer or lowering" the percentage sought, it said.
The minority owners – who believe Jay Z's bid undervalued the company's future potential – had yet to hear back from the platinum-selling artist on Wednesday afternoon.