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Jay-Z sells majority stake in Tidal music streaming service to Jack Dorsey's Square

Square, the mobile payments firm run by Jack Dorsey, Twitter’s co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a $297m deal. Under the terms of the deal, Tidal’s superstar co-owners, who include Beyoncé, Madonna and Rihanna, will retain their stakes and become the second largest shareholders. Jay-Z will join Square’s board of directors. It is the second deal in as many weeks for the rapper...
Jack Dorsey Square Guillaume Baptiste Jack Dorsey Getty Jay Jesse Dorogusker Guardian Photograph
Source: msn.com

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