Square buys majority stake in Tidal, adds Jay-Z to board


The Jack Dorsey-led financial services firm, Square, has reached a deal with Jay-Z to take control of Tidal in an attempt to rejuvenate the struggling music streaming platform. The firm will pay $297 million in cash and stock for a significant majority ownership stake in Tidal, which the Brooklyn-born rapper acquired for $56 million in

Source: Punch Newspaper