Jay-Z finalizes TIDAL sale to Jack Dorsey for $350 million

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. That figure was $53 million bigger than the number the two parties announced in March ($297 million), when they said they had entered into a definitive agreement for Square to acquire its majority stake.

Source: Jay-Z finalizes TIDAL sale to Jack Dorsey for $350m… as platform boasts of paying ‘4X more per stream’ than rivals

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