- San Francisco, CA-based Square, Inc. to acquire a majority ownership stake in Tidal
- Square expects to pay a mix of cash and stock of $297m for a significant majority ownership stake, and existing artist shareholders will the remaining stakeholders
- The acquisition extends Square’s purpose of economic empowerment to musicians
- Tidal will operate independently within Square, alongside the Seller and Cash App ecosystems
- Led by Jack Dorsey, cofounder and CEO, Square builds tools to empower businesses and individuals to participate in the economy
- Sellers use Square to reach buyers online and in person, manage their business, and access financing
