Square Buys Tidal for $297 Million

Tidal's Jay-Z will join Square's board


Financial services company Square is acquiring a majority stake in music streaming service Tidal. The deal will cost $297 million in stock and cash and is expected to close in the second quarter of 2021. 

An unexpected partnership

“Why would a music streaming company and a financial services company join forces?” asked Square CEO Jack Dorsey before firing off a series of tweets explaining the move. 

“Making the economy work for artists is similar to what Square has done for sellers,” he tweeted.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

Cyber Monday Offer: Use Promo Code "SAVE25" on an Annual Subscription to Save 25%

View Subscription Options

Already a member? Sign in