Photos by Greg Allen / Invision / AP Images; Francois Mori / AP Images
Tidal announced Thursday that a majority ownership share in the streaming service had been purchased by the financial service company Square, owned by Twitter’s Jack Dorsey.
Square will pay $297 million in cash and stock for the “significant” majority ownership stake in Tidal, after which time Jay-Z, as a Tidal board member, will be added to Square’s Board of Directors, which also includes the company’s Seller and Cash App.
Read the full story at RollingStone | News.
