Square Buys Tidal for $297 Million

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

Square hopes to find success at the intersection of economy and music.
Square hopes to find success at the intersection of economy and music. Square, Tidal

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. 

@rwinicov rachel.winicov@adweek.com Rachel Winicov is a freelance writer for Adweek focusing on digital media, ad tech and social media.
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