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Square Is Acquiring a Majority Stake in Tidal for $297M

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Financial services giant Square is acquiring a majority stake in Tidal, the music streaming service led by Jay-Z, the companies announced Thursday (March 4).

Square will pay $297 million in a mix of cash and stock for a majority stake in the company, allowing the artist stakeholders who initially partnered with Jay-Z and Tidal to keep ownership stakes as well. Jay-Z will join Square’s board of directors, and Square’s hardware lead Jesse Dorogusker will serve as the interim head of Tidal upon the closing of the deal.

Hov even was active on Twitter today.

— Read on www.billboard.com/amp/articles/business/streaming/9534646/square-tidal-acquisition-majority-stake-jay-z

Published by YaosoneR

Just want to bring awareness to some things I’ve seen. Started my Site back in 2010 mostly influence by other pages I liked and admired such as Nigel D/RealtalkNy, Nahright, Missinfo tv, Elliott Wilson, & Brian "B.Dot" Miller. Just for fun posting videos, music,interviews ect. Related to Hip-Hop. Fast forward present day, I’m still doing it. I just like discovering new and different hip- hop or events involved or related to the culture, and sharing it with others.. Just wanna help others discover some dopeness.. - YAOSONER

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