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.
Jack and I have had many discussions about TIDAL’s endless possibilities that have made me even more inspired about its future." Read Next: Jack Dorsey’s Square to acquire majority stake in JAY-Z’s TIDAL In 2015, JAY-Z purchased TIDAL for close to $56 million.
Read more on thefader.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.