Square buys online music platform Tidal for $ 297 million

Jack dorseyis the founder of Square with Jay Zonline music platform Tidalin December, when you were getting ready to buy we transfer. Square Official Blog According to information shared through the company, the company buys a majority stake in the online music platform Tidal.

According to the information shared, Square, in order to buy a majority stake in Tidal $ 297 million discredited. Some of the $ 297 million mentioned Share square Some cash Let’s also share that it will be paid. Of the purchase agreement between Square and Tidal In the second quarter of 2021 It is expected to be finished. Let us add that the artists who are already shareholders of the company remain shareholders and do not sell their shares. To remind you, among the supporters of the Tidal service Beyoncé, Alicia Keys., Virgin Y Nicki Minaj major artists like.

According to Square’s statements, Jay-Z will also join Square’s board of directors. To remind famous artist Jay-Z, Tidal in 2015 $ 56 million buy in exchange had taken. Let’s add that the acquisition of Tidal was made with the objective of operating Square in various lines of business.

Square, which is basically a company that develops solutions in payment systems, banking studies It has also officially announced that it will start. Other news about Square has recently arrived from the world of cryptocurrencies. When advertising your cryptocurrency investment, Square, bitcoin worth $ 170 million investment what you did last week Announced.

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