Tag: Previously Tidal

Jay-Z Finalized Tidal Deal With Jack Dorsey For Much Higher Than We Thought

Jay-Z has finally parted ways with Tidal as his 6-year majority ownership has come to an end, and the sale to the deal is finalized. The deal was closed with Jay-Z earning $350 million from Square, a company that is owned by Twitter founder Jack Dorsey, who also owns Twitter. It’s a solid return on his investment in Tidal, which he bought the struggling company in 2015 for $56 million in partnership with other artists who contributed. Among those who contributed to Tidal’s initial purchase are Beyonce, Rihanna, Kanye West, Madonna, Alicia Keys, Calvin Harris, Chris Martin, Damian Marley and others who all had 3% equity in the company. Square is a financial services company, Dorsey, and is now in the music streaming business. Previously Tidal struggled against competition like S...