Square, the mobile payments company co-founded by Twitter’s Jack Dorsey, is acquiring a majority stake in Jay-Z’s Tidal music streaming platform.

Square will pay a mix of cash and stock in the amount of $297 million for a significant majority ownership stake.

Existing artist shareholders will be the remaining stakeholders.

Jay-Z will join Square’s Board of Directors.

More about:

Recently Played

All My LifeLil Durk F/ J Cole
4:47am
Texas HoldemBeyonce
4:43am
Agora HillsDoja Cat
4:39am
Redrum21 Savage
4:34am
WaterTyla
4:31am