Thursday, March 4, 2021

Jay Z Sells Majority Stake In TIDAL For...

Jay Z has proved yet again he's not just a businessman, but a! 

How returned to Twitter for the first time in two years to announce a huge business deal.

Jay Z is selling his majority stake of his streaming app TIDAL for $297 million in cash and stock to Square Inc. and its owner CEO Jack Dorsey.

Dorsey is also the co-founder and chief executive of Twitter. Jay Z will also be on Square's board of directors. Check out Hov's twitter announcement below:

"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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