Sprint buys Tidal for $200 Million

  • Jay Z bought Tidal for $58 million.

  • Sprint purchased a 33% stake in Tidal for $200 million. All the owners of Tidal (Jay Z, everyone in the embarrasing Tidal For All videos and contract signings) will continue to have a share in Tidal's earnings.

  • Tidal claims it's worth $600 million

  • Tidal will now become available to all 45 million Sprint subscribers

Source: Twitter

Is this a terrible investment for Sprint? Do you believe Tidal is worth $600 million? Who's your favorite streaming service and phone provider?