Project Panther Bidco
| Private limited company | |
| Industry | Holding company |
| Fate | Dissolved |
| Founded | 29 December 2014 in London, United Kingdom |
| Founder | Laurence Brown Jr |
| Defunct | 14 February 2017 |
| Headquarters |
London, United Kingdom Beverly Hills, California, United States |
| Owner |
S. Carter Enterprises, LLC. (Jay-Z) |
| Parent | Project Panther Ltd. |
| Subsidiaries | Aspiro AB (TIDAL, WiMP) |
Project Panther Bidco Ltd. was a British-American holding company. The company was founded in 2014 by Roc Nation CEO, Laurence Brown Jr., but was indirectly owned and controlled by rapper and businessman Shawn Carter to purchase the assets of Norwegian technology company, Aspiro. By purchasing Aspiro, the company became the sole owner of music streaming services, TIDAL and WiMP.
On 30 January 2015, it was announced that Project Panther Bidco Ltd. had bid 464m SEK (£36 million, $56 million) for the takeover of Aspiro. Although some minority shareholders opposed the takeover and argued that Project Panther 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 shareholders.
On 2 August 2016, Project Panther Bidco's parent company, Project Panther Ltd., was dissolved by Companies House.
On 14 February 2017, Project Panther Bidco Ltd. was dissolved by Companies House.
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Wikipedia