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JAY-Z Sells Majority Stake in TIDAL to Jack Dorsey's Company Square


Square—the digital payment company run by Twitter CEO Jack Dorsey—has acquired JAY-Z’s streaming platform TIDAL. As part of the deal, JAY-Z will move to Square’s board of directors and TIDAL’s artist owners will continue to co-own the platform, as the second largest group of shareholders.
Upon his well-publicized acquisition of the service in 2015, from the Norwegian company Aspiro, JAY-Z brought aboard artist owners including Kanye West, Nicki Minaj, Madonna, Lil Wayne, J. Cole, Coldplay’s Chris Martin, Arcade Fire’s Win Butler and Régine Chassagne, Rihanna, Jack White, Daft Punk, and others. Their stakes in the company—and their financial windfalls from the sale—were not made public. 

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