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Jack Dorsey rap reports Jay-Z Jack Dorsey

JAY-Z close deal to sell TIDAL to Twitter co-founder Jack Dorsey

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JAY-Z‘s sale of TIDAL to Twitter co-founder Jack Dorsey has officially been completed.It was announced in March that Dorsey, who is also the CEO of Square, was buying the rapper’s streaming platform in a $297million (£213million) deal.Dorsey has acquired a majority stake in the service in a bid to expand his mobile payment company’s tools to emerging and established artists.

TIDAL will now operate independently within Square.Announcing the move on Twitter, Dorsey explained why he decided to incorporate TIDAL into his financial services company.

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