Tidal Logo
Tidal Logo

Jay-Z and Jack Dorsey

Acquisition of Tidal by Square Finalised

According to reports by the U.S. portal "TMZ," the acquisition of the streaming service Tidal by the payment service Square has now been completed, for $302 million. This deal was already announced back in March.

According to TMZ, Jay-Z, along with several other well-known musicians, acquired the streaming service in 2015 for $56 million. In March, the financial service provider Square – the second major company of Twitter founder and CEO Jack Dorsey – declared its intention to acquire a majority of Tidal shares. This deal is now said to have been completed for $302 million, according to information from the portal "TMZ".

Square stated in a press release at the beginning of March that the previous majority owner Jay-Z will join Tidal's new board of directors, which is expected to happen now after the takeover. Similarly, it is also expected that all artists who already owned shares in Tidal will continue to hold them.


Latest News

Roon 2.0 and ARC

Stream Music Anywhere From Your Home with Roon 2.0 and ARC

With the self-proclaimed biggest update in its history,… Read more

New B&W 700 Series
Pro-Ject Debut S equipped with an S tonearm in black finish.

New Pro-Ject Debut Pro S with Ten Inch S Tonearm

High-quality aluminum parts and a curved S tonearm are… Read more

Rega Planar 1 in new walnut finish

Rega Planar 1 – now with Walnut Finish

The affordable entry-level "Planar 1" turntable from… Read more

The Ferrum Power Splitter (left) on the PSU Hypsos (lowest) and two other devices

Ferrum Power Splitter for the PSU Hypsos

The Polish brand Ferrum launches the "Power Splitter",… Read more

Electrocompaniet EMC-1 Mk V SE

Electrocompaniet "Special Edition" of the EMC-1 MK V Reference CD Player

The "Special Edition" of the Electrocompaniet EMC-1 MK… Read more

Top-Articles from the archive

STEREO Magazine Newsletter

Subscribe to our newsletter and don't miss a new issue anymore!

Register now