Jay-Z’s Sells His Tidal Ownership For $297 Million

Source: Kevin Mazur / Getty

Square, the mobile payments company co-founded by Twitter’s Jack Dorsey, is acquiring a majority stake in Jay-Z’s Tidal music streaming platform. Square will pay a mix of cash and stock in the amount of $297 million for a significant majority ownership stake. Existing artist shareholders will be the remaining stakeholders.

Jay-Z will join Square’s Board of Directors.

The deal will close in the second quarter of 2021.

See story here

[ione_media_gallery id=”3009844″ overlay=”true”]

[ione_media_gallery id=”2947760″ overlay=”true”]