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Jack Dorsey’s Square, Inc. is buying a majority stake in Jay-Z’s streaming service Tidal – The Verge
Financial services firm Square, Inc. is buying a majority stake in streaming service Tidal for $297 million in cash and stock. Square’s founder, Twitter CEO Jack…
Paying $297 million in a cash and stock deal
Photo by Amelia Holowaty Krales / The Verge
Square, Inc., the financial services company founded by Twitter CEO Jack Dorsey, is acquiring a majority stake in Tidal, the high-fidelity audio and video streaming service led by Jay-Z. Square is paying $297 million in cash and stock for a significant majority ownership stake and says Tidal will operate independently alongside Squares other ventures.
Asking the obvious question in a thread on Twitter, Dorsey…
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