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Sprint to buy 33% stake in Jay Z's Tidal streaming platform

Published Tue, Jan 24, 2017 · 09:50 PM

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New York

TELECOM giant Sprint Corp said on Monday that it will buy one-third of rap mogul Jay Z's Tidal streaming platform, breathing new life into a service whose star power has failed to translate into market dominance.

Sprint, which is owned by Japan's Softbank Corp and is the fourth- largest mobile service provider in the United States, plans to roll out Tidal content exclusives for the carrier's customers.

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