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

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.

Jay-Z, Jack Dorsey, Tidal, Square

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.

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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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