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Jay-Z Closes Deal to Sell Tidal for $350 Million to Jack Dorsey’s Square

FILE - In this July 23, 2019, file photo, Jay-Z makes an announcement of the launch of Dream Chasers record label in joint venture with Roc Nation, at the Roc Nation headquarters in New York. The NFL and Jay-Z’s entertainment and sports representation company are teaming up for events and social activism. The league not only will use Jay-Z’s Roc Nation to consult on its entertainment presentations, including the Super Bowl halftime show, but will work with the rapper and entrepreneur’s company to “strengthen community through music and the NFL's Inspire Change initiative.” (Photo by Greg Allen/Invision/AP, File)

Jay-Z Tidal Sale Closes …$350 Mil to Jack Dorsey’s Square The deal between Jay-Z’s Tidal and Jack Dorsey’s Square officially closed today (April 30). It was first discussed in March that the deal was happening but it is now signed, sealed and delivered. Jack Dorsey is the co-founder and CEO of Twitter and founder and CEO of Square. Square is more commonly known as Cash App. For $350 million Square gets 80% ownership of Tidal along with licensing. Jay-Z and Desiree Perez will stay on board to help run Tidal. Many had an issue with Jay-Z selling majority ownership to Square. How do you feel about it?

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