CLOSE
The 59th GRAMMY Awards - Roaming Show

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

Happy 50th Birthday, Jay-Z! Here Are 15 Of His Most Dapper Red Carpet Moments
15 photos
Beyoncé Shares Sexy Photos Of Her And JAY-Z, Black Twitter Loses It
35 photos