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Jay-Z Sells Tidal For $297M To Twitter CEO

Square, the mobile payments company co-founded by Twitter’s Jack Dorsey, is acquiring a majority stake in Jay-Z’s Tidal music streaming platform.

Square will pay a mix of cash and stock in the amount of $297 million for a significant majority ownership stake.

Existing artist shareholders will be the remaining stakeholders.

Jay-Z will join Square’s Board of Directors.

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