Square has offices in the U.S., Canada, Japan, Australia, Ireland, Spain and the U.K. Square CEO Jack Dorsey has held talks with Jay-Z about his payments firm acquiring Tidal, the Brooklyn-born rappers music streaming service, a new report says. Individuals use Square’s Cash App to spend, send, store, and invest money. Square helps sellers reach buyers online and in person, manage their business and access financing. Jesse Dorogusker, a Square executive, will serve as interim lead of Tidal when the the transaction closes. It has listeners in more than 56 countries and relationships with over 100 labels and distributors. Square, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a significant majority stake in Tidal, the music and entertainment streaming platform run by Jay-Z. Tidal has catalog of more than 70 million songs and 250,000 videos and connects artists and fans with exclusive content and events. The two moguls have met multiple times in the last year, including in Hawaii and the Hamptons. The outlet is reporting that Square, the payments company run by Twitter co-founder and CEO Jack Dorsey, has discussed a potential acquisition with Jay-Z, the rapper and entrepreneur who bought. I look forward to all this new chapter has to offer,” he said. Jack Dorsey's Square has taken a majority stake in Tidal, the streaming platform owned by Jay-Z.
TIDAL board member and shareholder Shawn JAY-Z Carter is expected to join Square’s Board of Directors subject to the closing of the transaction. This partnership will be a game-changer for many. Together, TIDAL and Square will be music-obsessed and artist-focused while we explore new artist tools, listener experiences, and access to financial systems that help artists be successful.
This shared vision makes me even more excited to join the Square board. Tidal was launched in 2014 and purchased a year later by a consortium of artists, including Jay-Z, for 56 million. Jack and I have had many discussions about Tidal’s endless possibilities that have made me even more inspired about its future. Square will pay 297 million in a mix of cash and stock to become Tidal’s significant majority owner, though Jay-Z and Tidal. Square paid 297 million in cash and stock for Tidal, with Jay-Z joining the companys. Square has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of financial tools to musicians and emerging artists. “Artists deserve better tools to assist them in their creative journey. Square reached an agreement to acquire majority ownership in Tidal. CNN Sans ™ & © 2016 Cable News Network.Instagram Boss Says Politics & Hard News Will Not Be Pushed By Threads Like Twitter: "Not Worth Scrutiny, Negativity Or Integrity Risks"Ĭarter called six-year-old Tidal more than just a streaming music service but a platform that “supports artists at every point in their careers.” Square's acquisition of Jay-Z's Tidal underscores Square's relentless innovation, which opens up the door to developing ubiquitous fintech tools for the music industry. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Jawnson Category: News MaRap star Jay-Z has done it again, with the sale of Tidal to Square for a. It’s something of a bargain-hunt deal for Square: Tidal has struggled mightily to wedge itself into an. Jay-Z Explains Why He Sold Tidal To Square, Tapped To Run Cash App By: Kershaw St. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Square is buying Tidal, Jay-Z’s music-streaming service, valuing it at 450 million. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. has purchased a significant majority ownership stake in Jay-Z’s Tidal for 297 million in cash and stock. Your CNN account Log in to your CNN account Jack Dorsey’s payment-processing company Square, Inc.
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