Project Panther Bidco Ltd. is a British-American

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. The company was founded in 2014 by

Roc Nation Roc Nation is an entertainment agency founded by Jay-Z in 2008. The company is headquartered in Manhattan and has additional offices in Los Angeles and London. Roc Nation comprises a comprehensive talent agency, sports agency, record label, mana ...

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

, Laurence Brown Jr., but indirectly owned and controlled by rapper and businessman Shawn Carter, also known as Jay-Z, to purchase the assets of Norwegian technology company

Aspiro Aspiro AB was a Norwegian-based, legally Swedish-domiciled technology company founded in 1998. The company mainly provided subscription-based lossless music streaming services under its two brands, Tidal and WiMP. The company was headquartered in N ...

. By purchasing Aspiro, the company became the sole owner of the

music streaming A music streaming service is a type of streaming media service that focuses primarily on music, and sometimes other forms of digital audio content such as podcasts. These services are usually subscription-based services allowing users to stream d ...

services

TIDAL Tidal is the adjectival form of tide. Tidal may also refer to: * ''Tidal'' (album), a 1996 album by Fiona Apple * Tidal (king), a king involved in the Battle of the Vale of Siddim * TidalCycles, a live coding environment for music * Tidal (servic ...

and

WiMP Wimp, WIMP, or Wimps may refer to: Science and technology * Weakly interacting massive particle, a hypothetical particle of dark matter * WIMP (computing), the "window, icon, menu, pointer" paradigm * WIMP (software bundle), the web stack of Wind ...

. WiMP merged into Tidal in March 2015. In March 2021, majority ownership in Tidal was acquired by

Block, Inc. Block, Inc. (formerly Square, Inc.) is an American multinational technology conglomerate founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010. It has been traded as a public company on the New York Stock Exch ...

History

On 30 January 2015, it was announced that Project Panther Bidco Ltd. had bid SEK 464 million ( £36 million, US$56 million) for the Norwegian technology

, developers of audio streaming services

and

. Some minority shareholders of Aspiro opposed the takeover and argued that Project Panther Bidco undervalued the growth potential in their bid. On 13 March 2015, the acquisition was announced and finalized after being accepted by over 90 percent of the Aspiro shareholders. In 2018, Project Panther Bidco, whose corporate headquarters are headquartered in New York City, hired a total of 238 workers, up from the 209 it had in the previous year.

Subsidiaries

References

External links

Project Panther Bidco Ltd.
at

Companies House Companies House is the executive agency of the company registrars of the United Kingdom, falling under the remit of the Department for Business, Energy and Industrial Strategy. All forms of companies (as permitted by the Companies Act) are i ...

{{Jay-Z Jay-Z Roc Nation Online music stores of the United States 2014 establishments in the United Kingdom Companies based in Los Angeles Software companies of the United Kingdom Software companies based in London