Jack Dorsey’s Square acquires Jay-Z’s TIDAL

first dates programme have now turned official news as Twitter CEO Jack Dorsey’s mobile payment based company Square has acquired rights to Hip Hop mogul Jay-Z’s owned streaming service Tidal that was launched almost six years ago.

Announcing this news on Twitter Jay-Z has labelled the partnership as game changer as he writes “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.”

 

 

Jack also explained the joint venture on his own Twitter saying that JAY-Z has joined his Square board as Square acquires major ownership  stake ( reportedly near $297 million in cash was paid by Square) at Tidal. Jack assures Tidal’s fans “To all of TIDAL’s current listeners and fans: THANK YOU for your loyalty and commitment to artists and their work. TIDAL will continue to be the best home for music, musicians, and culture”