Project Panther Bidco

Project Panther Bidco Ltd.
Private
Industry Holding company
Founded 29 December 2014 (2014-12-29) in London, United Kingdom[1]
Founder Laurence Brown Jr[2]
Headquarters London, United Kingdom
New York City, New York, United States
Key people
 Juan Perez (Director)
Owner S. Carter Enterprises, LLC.[3]
Subsidiaries Aspiro AB (TIDAL, WiMP)

Project Panther Bidco Ltd. is a British-American holding company. The company was founded in 2014 by Roc Nation CEO, Laurence Brown Jr., but indirectly owned and controlled by rapper and businessman Shawn Carter to purchase the assets of Norwegian technology company, Aspiro. By purchasing Aspiro, the company became the sole owner of music streaming services, TIDAL and WiMP.[2][4]

History

On 30 January 2015, it was announced that Project Panther Bidco Ltd. had bid SEK 464 million (£36 million, $56 million) for the Norwegian technology Aspiro, developers of audio streaming services, TIDAL and WiMP. Although some minority shareholders of Aspiro opposed the takeover and argued that Project Panther Bidco undervalued the growth potential in their bid.[5]

On 13 March 2015, the acquisition was announced and finalized after being accepted by over 90 percent of the Aspiro shareholders.[5]

Subsidiaries

References

  1. ↑ "PROJECT PANTHER BIDCO LIMITED – Overview". beta.companieshouse.gov.uk. Retrieved 8 February 2017.
  2. 1 2 "PROJECT PANTHER BIDCO LIMITED – Officers". beta.companieshouse.gov.uk. Retrieved 8 February 2017.
  3. ↑ "Aspiro: Statement by Aspiro’s independent bid committee in relation to Project Panther Bidco’s public takeover offer". www.businesswire.com. Retrieved 24 March 2017.
  4. ↑ "That's Business, Man: Why Jay Z's Tidal Is a Complete Disaster". Bloomberg L.P. Retrieved 8 February 2017.
  5. 1 2 "Jay Z's $56 Million Bid for Aspiro Undervalues Company, Say Shareholders". Billboard. Retrieved 8 February 2017.
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