Sprint announced today that they will be purchasing a 33% interest in the company – and the sale cost Sprint around $200m, valuing TIDAL at $600m.
Sprint’s chief executive officer, Marcelo Claure, will also join TIDAL’s Board of Directors.
In exchange for its new ownership stake, TIDAL has inked a deal with Sprint which it says will “make exclusive content that will only be available to current and new Sprint customers”.
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