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Square to Buy Majority Stake in JAY-Z's Tidal Music Streaming Platform for $297 Million

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. ....

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Square Acquires Jay-Z's Tidal Music Platform In $297 Million Deal – Face of Malawi

Square Acquires Jay-Z's Tidal Music Platform In $297 Million Deal – Face of Malawi
faceofmalawi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from faceofmalawi.com Daily Mail and Mail on Sunday newspapers.

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Square Acquires Jay-Z's Tidal Music Platform In $297 Million DealGuardian Life — The Guardian Nigeria News – Nigeria and World News

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 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 […] ....

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Jack Dorsey and Jay-Z announce Square buying majority stake in Tidal

Jack Dorsey and Jay-Z announce Square buying majority stake in Tidal
Matthew Wright For Dailymail.com
© Provided by Daily Mail
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Financial technology company Square said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.
Square - which was founded by Twitter CEO Jack Dorsey in 2009 - will pay $297 million in cash and stock for Tidal.
The deal will also see Jay-Z named to Square s board of directors, and he and other artists who currently own shares in Tidal will remain stakeholders.
On Thursday, Dorsey shared a photo on Twitter of himself sitting down with Jay-Z at a table covered in scribbled notes and glasses of wine. ....

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Square in talks to buy Jay-Z's Tidal: report

Square in talks to buy Jay-Z's Tidal: report ....

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