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

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