Jay Z stumbles in bid for music streaming company

Stockholm - Minority owners of Norwegian music streaming service Wimp announced Wednesday they had blocked rap mogul Jay Z's $56-million bid and said the ball was now in the rap star's court.


Over 10 percent of the minority owners of Wimp's parent company Aspiro had rejected the bid, meaning Jay Z has to amend his original offer for a 90-percent stake in the company, the Swedish Shareholders' Association said in a statement.