Home Industry News Jay-Z reportedly finalizes TIDAL sale to Jack Dorsey for $302m (UPDATE)… as platform boasts of paying ‘4X more per stream’ than rivals
TIDAL is now majority-owned by Jack Dorsey’s Square, after a deal was reportedly finalized between Dorsey and Shawn ‘Jay-Z’ Carter on Friday (April 30).
The acquisition was for more money than expected, according to TMZ, which reports that Square paid $350 million to buy an 80% stake in TIDAL.