Square to Buy Majority Stake in JAY-Z’s Tidal Music Streaming Platform for $297 Million Jack Dorsey said that the acquisition aims to extend the payments firm’s “purpose of economic empowerment” to musicians. By Agence France-Presse | Updated: 5 March 2021 10:40 IST Photo Credit: Facebook/ JAY-Z Highlights Tidal's owners include high-profile artists, including Madonna, Rihanna Tidal has listeners in more than 56 countries Digital payments firm Square said Thursday it was buying a controlling stake in the streaming music platform Tidal from a group led by rap star JAY-Z for $297 million (roughly Rs. 2,160 crores) in cash and stock. "The acquisition extends Square's purpose of economic empowerment to a new vertical: musicians," said a statement from the finance tech firm led by Jack Dorsey, who is also the chief executive of Twitter.