Fairness Rocks News SQUARE TO BUY JAY-Z’S TIDAL FOR $297M


Fairness Rocks News SQUARE TO BUY JAY-Z’S TIDAL FOR $297M

Home Industry News SQUARE TO BUY JAY-Z’S TIDAL FOR $297M

Author: Murray Stassen

Date: March 4, 2021

Original Source: Music Business Worldwide

Industry News

SQUARE TO BUY JAY-Z’S TIDAL FOR $297M

Jack Dorsey-led financial services company Square, Inc. has entered into a definitive agreement to acquire a majority ownership stake in music streaming platform, TIDAL.

Square expects to pay a mix of cash and stock of $297 million for a ‘significant majority’ ownership stake. Existing artist shareholders will be the remaining stakeholders.

Read More: https://www.musicbusinessworldwide.com/square-to-buy-significant-majority-stake-in-tidal-for-297m/