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Twitter boss takes control of Tidal, Jay-Z's music platform

2021-03-04T14:28:28.027Z

Jack Dorsey-owned Square payments group acquires controlling stake in Tidal for $ 300 million. Digital payments group Square announced on Thursday that it was taking control of the streaming music platform Tidal, run by rap star Jay-Z. This majority stake in the group led by Jack Dorsey, also boss of Twitter, is valued at $ 297 million in cash and shares. “This acquisition expands Square's vertical strategy towards a new goal: musicians,” Jack Dorsey wrote on his Twitter account.

Digital payments group Square announced on Thursday that it was taking control of the streaming music platform Tidal, run by rap star Jay-Z.

This majority stake in the group led by Jack Dorsey, also boss of Twitter, is valued at $ 297 million in cash and shares.

“This acquisition expands Square's vertical strategy towards a new goal: musicians,” Jack Dorsey wrote on his Twitter account.

Source: lefigaro

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