Square acquiring Jay-z’s tidal:
Square is acquiring Jay-z’s tidal reveal by some anonymous member present at times of talk. Tidal is music streaming services whereas square is digital payment services.
Let’s get into more details about this matter and see what else is revealed about this deal.
All about square:
Square is a digital payment service. The Owner is Jack Dorsey. It helps small businesses to increase providing necessary tools turn into payments. The insider told that jack wants to expand his venture. However, Jack is a good friend of Beyoncé and Jay-z.
All about Tidal:
Tidal is a music streaming platform having millions of tracks. It is co-owned by many A-listers of the music industry. Includes Rihanna, Coldplay, Alicia key, and more.
Jay-z acquired tidal in 2015 for 56 million dollars. It streams exclusively for tidal subscribers’ content like concerts and shows. Now the square is acquiring jay-z’s tidal.
Both of them are in talks about acquiring and selling. No deal has been finalized yet. But results may not be fruitful according to the insider.
Why they are thinking to sell tidal?
when big names of music are related to music streaming services what on earth they are selling this. But both Jay-z and Beyoncé failed to keep this streaming site in profit or maybe they don’t have time focusing on their musical careers.
Related story- Jay-Z and Rihanna’s relationship explained
Why Jack Dorsey is acquiring Jay-z’s tidal.?
The answer is simple he wants to widen the spectrum of his business. He doesn’t want square just a payment mogul but he wants his business to expand.
Beyoncé and Jay-z’s music career :
There is no way you don’t know these two names unless you living under the rocks. They have 100s of hit songs under their name.
Recently Beyoncé released a new song called “ALREADY” having around 4 crore view.
Beyoncé and Jay-z have been together for 12 years. Having 3 children together.
- Square acquiring Jay-z’s tidal
- Square is an online payment service & tidal is a music streaming service.
- More details about this deal are not known yet.
- Jack Dorsey wanted to expand square hence thinking about tidal.