Project Panther Bidco Ltd. is a British-American

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

. The company was founded in 2014 by Roc Nation CEO, Laurence Brown Jr., but indirectly owned and controlled by rapper and businessman Shawn Carter, also known as Jay-Z, to purchase the assets of Norwegian technology company Aspiro. By purchasing Aspiro, the company became the sole owner of the music streaming services TIDAL and WiMP. WiMP merged into Tidal in March 2015. In March 2021, majority ownership in Tidal was acquired by Block, Inc.

History

On 30 January 2015, it was announced that Project Panther Bidco Ltd. had bid SEK 464 million ( £36 million, US$56 million) for the Norwegian technology Aspiro, developers of audio streaming services TIDAL and WiMP. Some minority shareholders of Aspiro opposed the takeover and argued that Project Panther Bidco undervalued the growth potential in their bid. On 13 March 2015, the acquisition was announced and finalized after being accepted by over 90 percent of the Aspiro shareholders. In 2018, Project Panther Bidco, whose corporate headquarters are headquartered in New York City, hired a total of 238 workers, up from the 209 it had in the previous year.

Subsidiaries

* Aspiro ** TIDAL ** WiMP

References

External links

Project Panther Bidco Ltd.
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