Jay-Z sells majority ownership in music streaming platform TIDAL to Square, Inc.

Jay-Z sells majority ownership in music streaming platform TIDAL to Square, Inc.

American rapper Jay-Z has reportedly completed the sale of his majority stake in music streaming platform TIDAL to Square, Inc.

On 4 May, Complex reported that the US$302 million deal, described as an "aggregate consideration", had been finalised on 30 April (Eastern Time)

The news comes two months after Square, Inc., a mobile payment company and merchant services aggregator, announced its plans to buy a majority ownership stake in TIDAL.