Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

Square, the mobile payments firm run by Jack Dorsey, has agreed to acquire a majority stake in Jay-Z’s music streaming service Tidal for $297 million, the companies announced Thursday. Through the deal, Jay-Z and Tidal’s other artist shareholders — including Beyoncé, Madonna and Rihanna — will continue to own their piece of the business, which will operate as an independent division within Square.

Source: Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

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