![]() Jay-Z’s estimated worth is put at $1 billion.ĥ0% of his stake in Armand de Brignac is put at $630 million. $297 million is up for grabs for the rapper turned serial entrepreneur. Jay-Z will be joining Square’s board and will still retain some form of ownership of the company after the deal is closed. The duo earlier last month had announced a Bitcoin fund focused on developing the adoption and proliferation of cryptocurrency in Africa and India. Square has bought music streaming service Tidal for 297 million, adding the platform’s founder Jay Z to its board of directors. Jack Dorsey and Jay-Z have apparently both been doing a lot of talking. ![]() I knew Tidal was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture. “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. Speaking on the deal in a statement, Jack Dorsey said, ” Given what Square has been able to do for sellers of all sizes … we believe we can now work for artists to see the same success for them, and us,” I look forward to all this new chapter has to offer!” Financial services company Square ( SQ 1.73) announced on March 4 that it had acquired a majority. “This partnership will be a game-changer for many. The under-performing music streaming service headed up by Jay-Z is joining the fintech giant. This shared vision makes me even more excited to join the Square board. Tweeting further he said of the Twitter and Square CEO, “Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. Artists deserve better tools to assist them in their creative journey.” Speaking on the proposed take-over, the rapper turned serial entrepreneur tweeted this Thursday saying that, “from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. ![]() Tidal was acquired by Jay-Z in 2015 for $56 million but the company has continually failed to meet up with the numbers and compete with other industry giants like Spotify and Apple. ![]()
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