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More Power Moves for Jay-Z

Jay-Z makes an announcement of the launch of Dream Chasers record label in joint venture with Roc Nation, at the Roc Nation headquarters on Tuesday, July 23, 2019, in New York. (Photo by Greg Allen/Invision/AP)

Jack Dorsey’s Square Acquiring Majority Ownership Stake in Jay-Z’s Tidal for $297 Million Square, the mobile payments company co-founded by Twitter’s Jack Dorsey, is acquiring a majority stake in Jay-Z’s Tidal music streaming platform. Square will pay a mix of cash and stock in the amount of $297 million for a significant majority ownership stake. Existing artist shareholders will be the remaining stakeholders. Jay-Z will join Square’s Board of Directors. The deal will close in the second quarter of 2021.

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