Despite being apparently plagued by financial woes, Jay Z's music streaming service, Tidal, has teetered along for a year and a half now. But things aren't looking too hot for the celebrity-backed Spotify rival: Aspiro AB, the Swedish company that owns Tidal, lost over $28 million in 2015 on the service, documents reviewed by The Wall Street Journal last week reveal.
Despite the company's vulnerable position — and potentially inexpensive price tag — no one wants to by Tidal, Forbes reports. Rumors circulated this year that everyone from Apple to Samsung was interested in snagging the streaming service, only for those rumors to be denied.
"There are other companies that could afford to buy Tidal, especially now that the celebrity-owned service seems to be in a less-than-ideal financial situation. Google, Amazon or even Pandora or Spotify could probably find the money necessary to snap up the Norwegian streamer, along with its multitude of co-owners, who have all contributed exclusive releases to the platform," Forbes writes. But of course, having the cash and actually being willing to part with it for a project hemorrhaging money are two very different things.
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