Square Finalizes Tidal Acquisition

Financial services company Square completed its acquisition of a majority ownership stake in Tidal, the streaming service owned by Jay-Z and a consortium of artists, on Friday (April 30), Billboard has confirmed.
The deal was finalized for a total of $302 million, slightly higher than the $297 million that was announced in March. Under the arrangement, Jay-Z will join Square’s board of directors, and Square executive Jesse Dorogusker will run the streaming service as its interim leader.Squ