Square Inc. Has Discussed Acquiring Tidal From Jay-Z: Report

BYErika Marie4.3K Views
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Jay-Z, Tidal, Sqaure
Hov acquired the streaming service in 2015 for $56 million.

Jack Dorsey is not playing games. The Twitter CEO has been expanding his long-running, micro-blogging platform with new features in recent months, and it's being reported that he's interested in swooping up Tidal from Jay-Z. The Roc Nation Mogul first acquired the streaming service back in 2015 for $56 million, and while there were some who were apprehensive, Hov and his team have developed Tidal into a major contender.

Square Inc. Has Discussed Acquiring Tidal From Jay-Z: Report

Dorsey has taken notice and Bloomberg reports that he's been in talks with Jay-Z to have his company Square Inc. acquire Tidal. It's a move that's being made to reportedly "diversify," and a source has revealed that the pair of multi-millionaires have already begun discussions about future possibilities. However, it all could end at negotiations and may not come to fruition. 

Bloomberg attempted to reach out to both Tidal and Square representatives but was unable to receive a response. The outlet never got through to Tidal and Square declined to make a statement regarding the rumors. It would make for a massive deal for both businessmen and it would be interesting to see, if this actually happened, what changes would be made and if Jay-Z would continue to have input into the streaming service's continued development.

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About The Author
Erika Marie is a seasoned journalist, editor, and ghostwriter who works predominantly in the fields of music, spirituality, mental health advocacy, and social activism. The Los Angeles editor, storyteller, and activist has been involved in the behind-the-scenes workings of the entertainment industry for nearly two decades. E.M. attempts to write stories that are compelling while remaining informative and respectful. She's an advocate of lyrical witticism & the power of the pen. Favorites: Motown, New Jack Swing, '90s R&B, Hip Hop, Indie Rock, & Punk; Funk, Soul, Harlem Renaissance Jazz greats, and artists who innovate, not simply replicate.
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