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Square buys majority stake in Tidal for $297M, adds Jay-Z to board

March 4, 2021

Square has reached a deal with Jay-Z to take control of Tidal in an attempt to rejuvenate the struggling music streamer. The Jack Dorsey-led financial services firm will pay $297 million in cash and stock for a “significant majority ownership stake” in Tidal, which the Brooklyn-born rapper acquired for $56 million in 2015. Jay-Z will… Read More

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