![]() From there, the company has grown into a billion-dollar industry now with the collaboration of Tidal, Square is only going to do better, and bigger, things. Last week, the digital payments specialist announced it is acquiring a majority ownership stake in TIDAL. Square was started as a way to give aspiring business owners an easier way to take credit cards. Square (SQ) is eying up opportunity in the struggling music biz. The big mantra of the company is helping every size of any business succeed. For those interested in the nitty-gritty financial details, Square has stated it will pay a mix of cash and stock of 297 million for the majority ownership stake in the streaming service. Square is a popular service that allows users to buy, sell, and send money using any Apple or Android device. The Jack Dorsey-led financial services firm will pay 297. RELATED: Jay-Z Adds Champagne To His Million-Dollar Businesses With New Partnership Updated Square has reached a deal with Jay-Z to take control of Tidal in an attempt to rejuvenate the struggling music streamer. It has also been reported that earlier this week, the Brooklyn native bought back the shares from T-Mobile which will most likely be sold to Square as apart of the deal. 12:54pm Updated Jay-Z’s deal to sell his music-streaming service Tidal to Jack Dorsey’s financial services company Square has closed, reportedly valuing Tidal at more than 435. In 2017, Jay-Z sold 33 percent of the company to Sprint at an undisclosed amount, as reported by the New York Times. The density of crab eggs on the beaches bordering New Jersey and Delaware, rose to about 10,000 per square meter during this year’s migration in May, Dr. CEO Jack Dorsey, who is also the co-founder of Twitter, is excited for the opportunity to further the expansion of Tidal. “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey stated in his interview upon announcing the deal. ![]() The streaming service gives members access to music, music videos, and other content. Tidal was bought from Jay-Z in 2015 for $56 million with partnerships from other artists, which include Beyoncé and Rihanna. By Lorenzo Mirone, Riccardo Colombo, Federico de Rosa (Bocconi University) and Aman Singla, Akhil Vajjhala, Siddharth Tripurani (New York University) Photo: Viktor Forgacs (Unsplash) Overview of the deal Acquirer: Square, Inc Target: TIDAL Total Transaction Size: 297 Million Closed date: March 4th, 2021 Target advisor: Square, Inc, a financial services company founded by Twitter co-founder. ![]()
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