#Square tidal jayz 297m new yorktimes series

The Jack Dorsey-led financial services firm will pay 297 million in. Forbes recently estimated that the deal is worth an estimated $315 million. Square has reached a deal with Jay-Z to take control of Tidal in an attempt to rejuvenate the struggling music streamer. The news comes after LVMH’s Moët Hennessy announced a partnership with Jay-Z via a 50% acquisition of his Armand de Brignac champagne brand last month. I look forward to all this new chapter has to offer!' This partnership will be a game-changer for many. Square interested in buying Tidal from Jay-Z: report - New York Post Jack Dorsey liquidation roanoke va Square buys Jay-Z Majority of Jay-Z WebMar 5, 2021. Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z’s Tidal music streaming service for 297 million in a deal that could popularize blockchain or other new approaches to storing and buying online media. This shared vision makes me even more excited to join the Square board.

Jack and I have had many discussions about TIDAL’s endless possibilities that have made me even more inspired about its future. Artists deserve better tools to assist them in their creative journey. The mobile payments firm run by Twitter CEO Jack Dorsey has purchased a majority stake in JAY-Z’s music streaming platform Tidal for a reported 297 million. He wrote, 'I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Jay-Z has since bought back the shares from T-Mobile, most of which will now go to Square. Square, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a significant. He then sold 33 of it to Sprint now part of T-Mobile back in 2017. Jack Dorsey’s Square to Acquire Jay-Z’s Tidal Streaming Service for 297 Million. His intention was to take on players such as Spotify, Apple and Amazon. Tidal from Jay-Z: report - New York Post Square, Inc.

#Square tidal jayz 297m new yorktimes series

Jay-Z addressed the deal in a series of tweets. Jay Z bought Tidal alongside other artists for 56 million back in 2015. The news of Squares deal with Tidal comes at an important time with the. The deal will also see Jay-Z joining Square's Board of Directors. It was revealed that the deal includes a mix of cash and stock of $297 million for a significant majority ownership stake.