JAY-Z Finalizes Deal to Sell TIDAL to Square for $350 Million
Done deal. JAY-Z has agreed to sell the majority of TIDAL to Square, Inc. in a deal worth a reported $350 million. Last month, Jack Dorsey’s company announced that it would be acquiring the streaming music service for $297 million, but the deal didn’t actually close until Friday morning (April 30). According to TMZ, the final figure comes in at $350 million. Square will take 80 percent ownership of TIDAL, along with licensing deals with major record labels. The existing […]