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

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...