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EP · ps-02Season 1 · 2025
Jay-Z Flipped Rocawear
Jay-Z walked out of the financial crisis with $100M cash from the Rocawear sale and used it to buy Aspiro (Tidal) for $56M in 2015 — paying a ~$26M premium over market cap. Carl says he overpaid. Jonathan says vision always looks like delusion before you win. Both are right: the numbers argued against it; the thesis argued for it. The debate is the episode.
music streamingdealsacquisitionsIPvaluation
Financial PostJay Z Buys Aspiro For $56 Million ↗The GuardianJay-Z Wins Battle For Music Streaming Company ↗Fact MagazineJay Z To Sue Former Tidal Owners For Overvaluing Company ↗Sirius XMPandora Reports Q4 And Full Year 2014 Financial Results ↗Year 2014
Transcript`ps-02-jayz-flipped-rocawear/Due Dilly Episode 2_v1.vtt`
In this episode