Sprint Invests In Jay Z’s Tidal, Paying A Reported $200 Million For 33%

Clapping Back: Jay Z appears to be proving Tidal’s naysayers wrong with today’s stunning news. (Photo by Bryan Bedder/Getty Images for Sports Illustrated)

Jay Z is selling one-third of his Tidal streaming service to Sprint for $200 million, according to a report released earlier today by Billboard.

As part of the deal, Tidal will become available to Sprint’s 45 million customers; the telecom giant’s CEO Marcelo Claure will join Tidal’s board of directors. Jay Z and his squad of artist-investo...