Jay Z is expanding in music streaming to take on Spotify Ltd. and Apple Inc.’s Beats.
The takeover is the latest business venture for Jay Z, who has invested in a record label, restaurants, clothing, a talent agency and champagne. He’s one of several rap stars who have leveraged their celebrity to become entrepreneurs. Andre “Dr. Dre” Young sold his Beats headphones and streaming brand to Apple last year for $3 billion.
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