Jay-Z Announces New Partnership: sells majority Tidal streaming service to Twitter’s CEO Jack Dorsey


The Twitter CEO has inked a $297 million deal to take control of the formerly artist-owned platform

JAY-Z Sells Majority Stake in TIDAL to Jack Dorsey’s Company Square


Square buys Tidal, names Jay-Z to board of directors,


Hov returned to Twitter for the first time in over two years on Thursday (March 4) to announce a huge business deal. Jay is selling a majority stake of his Tidal streaming service to tech company Square Inc. and its owner, Jack Dorsey. As part of the deal for Tidal, Square will pay $297 million in cash and stock. Jay-Z will be on Square’s board of directors. Read More: Jay-Z Tweets for First Time in Two Years, Sells Majority of Tidal.


It comes down to one simple idea: finding new ways for artists to support their work,” Square’s Jack Dorsey says of acquisition


Tweet Play Jay-Z on Amazon Music Unlimited (ad) Jay-Z is making more power moves. Hov returned to Twitter for the first time in over two years on Thursday (March 4) to announce a huge business deal. Jay is selling a majority stake of his Tidal streaming service to tech company Square Inc. and its owner, Jack Dorsey. As part of the deal for Tidal, Square will pay $297 million in cash and stock. Jay-Z will be on Square’s board of directors. "I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Artists deserve better tools to assist them in their creative journey," Jay-Z tweeted about the deal. "Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board. This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!"





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