Jay-Z Tidal Sale Closes …$350 Mil to Jack Dorsey’s Square


Pre-GRAMMY Gala and GRAMMY Salute to Industry Icons Honoring Sean "Diddy" Combs - Inside

Pre-GRAMMY Gala and GRAMMY Salute to Industry Icons Honoring Sean "Diddy" Combs - Inside

The deal between Jay-Z's Tidal and Jack Dorsey's Square officially closed today (April 30).

It was first discussed in March that the deal was happening but it is now signed, sealed and delivered.

Jack Dorsey is the co-founder and CEO of Twitter and founder and CEO of Square. Square is more commonly known as Cash App.

For $350 million Square gets 80% ownership of Tidal along with licensing.

Jay-Z and Desiree Perez will stay on board to help run Tidal.