Square Buys Majority Stake in TIDAL

After months of speculation, Square Inc. (the company founded by Twitter CEO Jack Dorsey) is acquiring a majority stake in TIDAL (led by JAY Z). The high-fidelity streaming service is being partially bought for $297 million in cash and stock, though exact number of how much is at stake remains to be seen.

TIDAL will continue to operate independently from Square’s other ventures.

The move continues putting in money in Hov’s pocket, considering he just sold Ace of Spades for millions of dollars last month.

Like he said before, he’s “not a business man, he’s a business — man.” He’s handling his business, damn.

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