Jack Dorsey`s Square acquires Jay-Z`s Tidal music service for $297 million
(Android Central)

Once the deal is completed, Tidal will operate independently within Square. What you need to know Square is acquiring a majority stake in Jay-Z`s Tidal music streaming service. Square expects to pay around $297 million for the Tidal stake. Jay-Z will be joining Square`s board of directors after the transaction is closed. Mobile payments company Square has announced that it is acquiring a majority stake in music streaming service Tidal, which is led by rapper Jay-Z. The company says the deal will allow it to provide artists with `more powerful financial tools, inclusive of new ways of getting paid.` Square will be paying $297 million in a mix of cash and stock to acquire the significant majority stake in Tidal. While Jay-Z will be joining Square`s board of directors, the original artists will become the second-largest group of shareholders in the music streaming service. Some of the co-owners of the service include Kanye West, Rihanna, Calvin Harris, Beyonc&eaigu;, Madonna, Nicki Mi...