BREAKING: Jay-Z Just Sold Tidal For? No ratings yet.

Written by on March 4, 2021

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Square will pay $297 million in stock and cash for the stake in Tidal. Jay-Z will join Square’s board.Jack Dorsey’s other company – Square – announced Thursday it’s buying a majority stake in Jay-Z’s streaming music platform Tidal for $297 million in cash and stock.

Shawn “Jay-Z” Carter will join the board of directors of publicly-traded Square, a financial services and payments company. Square said it’s taking a “significant ownership stake” in Tidal and that existing artist shareholders will own the rest. Tidal will operate independently within Square.

Square said the acquisition extends its “purpose of economic empowerment” to a new vertical — musicians. Square offers financial tools to help launch and grow small businesses and individuals manage money. “It comes down to one simple idea: finding new ways for artists to support their work,” said Dorsey, cofounder and CEO of Square (and of Twitter). “New ideas are found at intersections and we believe there’s a compelling one between music and the economy. 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.”

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Reader's opinions
  1. Daniel Hill   On   March 4, 2021 at 5:56 pm

    The main thing that Tidal has that’s better than Apple Music is the credit section of each song. Tidal gives you way more detail when it comes to the credits letting you know who produced, mixed, composed and wrote the songs. Now Apple is better with having the lyrics to certain songs. That’s really the only differences I see between the two

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