April 30, 2021
Jay-Z to Sell Tidal for $350 Million to Financial Company Square
[ad_1] A new report claims that Jay-Z has sealed the deal on selling his TIDAL streaming service.According to TMZ on Friday (April 30), Hov has reportedly followed through on a tweet he shared back in March, which announced the sale of TIDAL to financial tech company, Square Inc., owned by Jack Dorsey, who is also the cofounder and chief executive of Twitter. Jay supposedly closed the deal this morning, selling the music streaming platform for $350 million.As for the details of the recent exchange, Square will receive 80 percent ownership of TIDAL. Additionally, the tech company will acquire licensing deals with major record labels while artists and owners will stay with TIDAL.Jay-Z and Roc Nation...