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JAY-Z reportedly sells TIDAL to Jack Dorsey’s Square for $302 million

thefader.com

In March, news emerged that Square, the financial payments system co-founded by Twitter's Jack Dorsey, would acquire JAY-Z's music streaming platform TIDAL.

The deal was finalized on Monday, according to a report from Music Business Worldwide, with Square paying $302 million for an 80% stake in TIDAL.

JAY-Z will likely remain on TIDAL's board as part of the deal. In a statement in March, he said "Artists deserve better tools to assist them in their creative journey.

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