![]() ![]() I look forward to all this new chapter has to offer!”Īll of the artists named as shareholders in Tidal during the streaming service’s all-star launch ceremony in 2015 will remain shareholders under Square’s majority ownership. Yahoo Finance’s Julie Hyman, Myles Udland, and Brian Sozzi discuss news of Square’s acquisition of Jay-Z’s Tidal.Subscribe to Yahoo Finance. This partnership will be a game-changer for many. This shared vision makes me even more excited to join the Square board. Acquired Organization: TIDAL TIDAL is a music and entertainment platform that creates connects artists and fans, giving them exclusive. 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. Dorsey, announced on Thursday its plan to acquire a significant majority of Tidal, the streaming music service owned by Jay-Z and other artists. Last week, the digital payments specialist announced it is acquiring a majority ownership stake in TIDAL. Square, the mobile payments company led by Mr. “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 said. Square (SQ) is eying up opportunity in the struggling music biz. When it comes to being not only a successful artist but a billionaire, Jay-Z is easily ranked right up at the top. Our mission to empower artists continues. It has been reported that the financial technology company Square has bought Jay-Zs streaming service, Tidal, for a whopping 297 million. I knew TIDAL was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.” “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. Square SQ -1.7 is looking to diversify its portfolio by taking advantage of. ![]() “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey, co-founder and CEO of Square, said in a statement. Square (SQ), the payments company founded and run by Twitter CEO Jack Dorsey, announced Thursday it has agreed to acquire a majority stake in Jay-Z’s Tidal platform. Jay Z may have 99 Problems but Tidal is no longer one of them thanks to Square’s 297 million acquisition. Square will pay $297 million in cash and stock for the “significant” majority ownership stake in Tidal, after which time Jay-Z, as a Tidal board member, will be added to Square’s Board of Directors, which also includes the company’s Seller and Cash App. You know this town, even if you have never been here. Tidal announced Thursday that a majority ownership share in the streaming service had been purchased by the financial service company Square, owned by Twitter’s Jack Dorsey. The dateline is Elyria, Ohio, a city of 55,000 about 30 miles southwest of Cleveland.
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