web stats
  • Home
  • Music
    • All Music
    • Freestyles
    • Mixtapes
  • Videos
  • News
  • Exclusives + Premieres
    • Premiere
    • Exclusive Interviews
No Result
View All Result
  • Home
  • Music
    • All Music
    • Freestyles
    • Mixtapes
  • Videos
  • News
  • Exclusives + Premieres
    • Premiere
    • Exclusive Interviews
No Result
View All Result
No Result
View All Result
News

JAY-Z Finalizes TIDAL Sale to Jack Dorsey’s Square for $350 Million

Navjosh by Navjosh
April 30, 2021
Square Acquires Majority Stake in TIDAL for $297 Million

JAY-Z photo credit: Raven Varona, Jack photo credit: Hermione Hodgson

Last month, it was announced that Jack Dorsey’s Square had acquired a majority ownership stake in JAY-Z’s streaming company TIDAL.

According to the press release back then, Square was paying a mix of cash and stock of $297 million for a significant majority ownership stake, and existing artist shareholders will be the remaining stakeholders. But TMZ reports today that the deal finally got done this morning, April 30th.

The final sale price: $350 million. Square gets 80% ownership of Tidal in the deal, along with licensing deals with the major labels. What’s more, all the artists/owners in the original deal will remain involved with the company. Jay and Roc Nation CEO Desiree Perez will reportedly stay on board to help run Tidal.

Jay-Z launched Tidal back in 2015 for $56 million in a partnership with several artists, including Beyonce, Rihanna, Kanye West, Madonna, Alicia Keys, Calvin Harris, Chris Martin and more.

Telecom giant Sprint later invested $200 million into TIDAL for a 33% stake, valuing the company, according to experts, at $600 million.

Yesterday, Hov shared a new playlist on TIDAL dedicated to Nas.

Related Posts

J. Cole Continues Professional Basketball Career, Signing Contract With Scarborough Shooting Stars
News

J. Cole Continues Professional Basketball Career, Signing Contract With Scarborough Shooting Stars

10 hours ago

...

Read more
Yo Gotti Reveals He Changed His Cocaine Muzik Group Label Name on 50 Cent’s Advice
News

Yo Gotti Reveals He Changed His Cocaine Muzik Group Label Name on 50 Cent’s Advice

16 hours ago

...

Read more
Rihanna & ASAP Rocky Reportedly Welcome Baby Boy
News

Rihanna & ASAP Rocky Reportedly Welcome Baby Boy

17 hours ago

...

Read more
Quavo & Takeoff Announce Joint Single, Offset & Cardi B Unfollow Them
News

Quavo & Takeoff Announce Joint Single, Offset & Cardi B Unfollow Them

1 day ago

...

Read more
Lupe Fiasco Reveals ‘DRILL MUSIC IN ZION’ Artwork & Release Date
News

Lupe Fiasco Reveals ‘DRILL MUSIC IN ZION’ Artwork & Release Date

2 days ago

...

Read more
Nardwuar Interviews City Girls: Watch
News

Nardwuar Interviews City Girls: Watch

2 days ago

...

Read more
Load More
ADVERTISEMENT

Sign up for our NEWSLETTER for breaking stories and exclusives.

We never share your email with any 3rd party. You can unsubscribe at any time.


 

POPULAR

News

N.O.R.E. Reveals Kanye Wasn’t Happy with Game’s Comments About Dr. Dre Not Doing Enough for His Career

April 17, 2022
News

DaBaby Reportedly Shoots Home Intruder at North Carolina Estate

April 15, 2022
Music

New Jack Harlow & Drake Song ‘Have A Turn’ Surfaces Online

April 14, 2022
HipHop-N-More

© 2008-2021 HipHop-N-More. All Rights Reserved.

HHNM

  • About
  • Privacy Policy
  • Contact Us
  • Submit Music

FOLLOW US

No Result
View All Result
  • Music
  • Videos
  • News
  • Exclusive Interviews
  • Premiere
  • About Us
  • Contact Us
  • Advertise With Us
  • New Artist Submissions
  • Read us on Google News
  • Read us on Apple News

© 2008-2021 HipHop-N-More. All Rights Reserved.