Poor Dat: Jay Z's Bid For Aspiro Is Being Blocked

Jay Z's Bid For Aspiro Is Being Blocked
Business paper Dagens Industri reports (in Swedish) that Aspiro’s minority shareholders, who own 10 percent of the company, are blocking the bid. Aspiro’s board of directors had previously unanimously recommended the deal.

Sune Karlsson, chairman of the shareholder’s equity association, Aktiespararna, told the publication: “We will recommend our members say no to the offer. We have accumulated more than 10 percent of the owners, which is enough to block it