Square Inc.: Announces Plans To Acquire Majority Ownership Stake In TIDAL

  • Square, Inc. builds tools to empower businesses and individuals to participate in the economy
  • TIDAL an artist-led global music and entertainment platform brings artists and fans closer together through unique original content
  • Square expects to pay a mix of cash and stock of $297 million for a significant majority ownership stake
  • TIDAL operate independently within Square, alongside the Seller and Cash App ecosystems
  • The acquisition extends Square’s purpose of economic empowerment to a new vertical: musicians
  • Together, TIDAL and Square music-obsessed and artist-focused while explore new artist tools
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Mastercard Challenges Guavapay as Founder Resigns

Guavapay's legal battle with Mastercard unfolds amid leadership changes.Highlights: Guavapay founder resigns amid ongoing lawsuit with Mastercard.Mastercard has...

Zepz Expands Business by Acquiring Pomelo International

The acquisition aims to diversify Zepz's services beyond remittances.Highlights: Zepz acquires Pomelo International to diversify offerings.The deal aims...

Mal Raises $230M to Launch AI-Powered Islamic Digital Bank

Innovative banking aims to integrate AI with Islamic finance principles.Highlights: Mal raises $230 million for an AI-focused Islamic...

UK Government Appoints AI Champions, Strengthening Tech Leadership

Starling's CIO and Lloyd's AI Chief Named Key Figures in AI DevelopmentHighlights: Starling CIO and Lloyds AI Chief...