Jay Z’s Bid To Buy A Swedish Music Streaming Company Has Been Blocked For Now

Jay has until March 11 to work it out with the company.

Near the end of January, it was reported that Jay Z was in the process of purchasing Swedish company Aspiro for $56 million, but it looks like that dream is over. FACT (via Dagens Industri) reports that Jay's bid has been blocked by the company's minority shareholders, despite the company's board of directors unanimously supporting the bid previously. (The minority shareholders own 10 percent of the company.) The shareholders, the company, and Jay have until March 11 to try and work things out; that's when the acceptance period for Jay's offer ends.

Lead image: Adrian Sanchez/Getty Images

Jay Z’s Bid To Buy A Swedish Music Streaming Company Has Been Blocked For Now