Jay Z sells majority of TIDAL stake to....Twitter

Started by Gilgamesh., March 04, 2021, 09:13:19 AM

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Gilgamesh.

https://www.cnbc.com/2021/03/04/square-acquiring-a-majority-stake-in-jay-zs-tidal.html

- Square, Jack Dorsey's digital payments company, is acquiring a majority ownership stake in the music streaming service Tidal.

- The deal is expected to be a mix of cash and stock of $297 million.

- Jay-Z, who bought Tidal in 2015 for $56 million, will join Square's board of directors.

QuoteSquare, Jack Dorsey's digital payments company, is acquiring a majority ownership stake in the music streaming service Tidal, the company announced Thursday.

Square's stock was down about 2% in the premarket.

The deal is expected to be a mix of cash and stock of $297 million, and is expected to close in the second quarter of 2021. Existing artist shareholders will be the remaining stakeholders, Square said. Jay-Z, who bought Tidal in 2015 for $56 million, will join Square's board of directors.



Dorsey said Jay-Z will also "help lead our entire company, including Seller and the Cash App, as soon as the deal closes

ATLien

March 04, 2021, 09:22:02 AM #1 Last Edit: March 04, 2021, 09:22:45 AM by I got Black in my family
that's a book for him

to buy it for 56 and sell it for nearly 300M

this news of him selling led me to believe that the platform may be struggling so he's getting out while he can still make a coin from the sale of it

so I did a quick google search and

https://finance.yahoo.com/news/five-years-jay-z-tidal-121547328.html

Kings using his noggin

L0NZ.



L0NZ.




CHOKE


Young



Plastic.



best selling female rapper of all time

Plastic.



best selling female rapper of all time

ATLien


JCJ


best selling female rapper of all time

Nine


JCJ


best selling female rapper of all time