Square Acquires Majority of Tidal, Jay-Z’s Streaming Service
Square will pay $297 million in stock and cash for the stake in Tidal. Jay-Z will join Square’s board.
Don't forget that Jay-Z gave out ownership to the homies when he 1st bought Tidal<-----Good looking out
Jay-Z bought back the shares from T-Mobile, and most will be sold to Square as part of the deal. And don't forget he bought Tidal for $56 million.
"Also last month, Mr. Dorsey, who is also the chief executive of Twitter, announced that he and Jay-Z had endowed a Bitcoin trust to support development in India and Africa." Mr. Dorsey a busy man out here, look him up.
The announcement comes less than two weeks after Jay-Z announced that he would sell 50 percent of his champagne company, Armand de Brignac — better known as Ace of Spades — to LVMH Moët Hennessy Louis Vuitton