Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of. Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Zs Tidal music streaming service for 297 million in a deal that could popularize blockchain or other new. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. The two moguls have met multiple times in the last year, including in Hawaii and the Hamptons. Dorsey says he is buying Tidal to find new ways for artists to make money. Last month, Dorsey said the pair endowed a bitcoin trust to support the digital coin's development in Africa and India.Your CNN account Log in to your CNN account Jack Dorsey's Square has taken a majority stake in Tidal, the streaming platform owned by Jay-Z. Square, the company led by Twitter co-founder Jack Dorsey, is buying Tidal, the music service led by rapper Jay-Z. Earlier this year, it was announced that Carter and Dorsey joined forces to create an endowment. Square has made partnering with rappers a prioritythey gave away 100,000 as part of a promo with the genre’s preeminent brand-man Travis Scott, and Megan Thee Stallion also partnered with. Jay-Z and Dorsey have also partnered in the past. Jay-Z and Jack Dorsey could continue their bitcoin partnership and create a Tidal-Square blockchain. Tidal has struggled to keep up in the music streaming wars since its launch, and Dorsey's stake could help push the company forward. Square said it doesn't expect Tidal's financial results to have a material impact on Square's consolidated revenue or gross profit in 2021. Most recently, the company officially launched its banking operations. Square, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a significant majority stake in Tidal, the music and entertainment streaming platform run by Jay-Z. Square, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a significant. The move is an effort to diversify Square, which is well known for its credit card processor, payment hardware and Cash App. Jack Dorsey’s Square to Acquire Jay-Z’s Tidal Streaming Service for 297 Million. Jay-Z, who bought Tidal in 2015 for $56 million, will join Square's board of directors.ĭorsey said Jay-Z will also "help lead our entire company, including Seller and the Cash App, as soon as the deal closes." Existing artist shareholders will be the remaining stakeholders, Square said. The deal is expected to be a mix of cash and stock of $297 million and is expected to close in the second quarter of 2021. Financial services giant Square is acquiring a majority stake in Tidal, the music streaming service led by Jay-Z, the companies announced Thursday (March 4). Personal Loans for 670 Credit Score or Lower Square, the payments company founded and run by Twitter CEO Jack Dorsey, announced it has agreed to acquire a majority stake in Jay-Z’s music streaming service, Tidal. Personal Loans for 580 Credit Score or Lower Square, Inc., the financial services company founded by Twitter CEO Jack Dorsey, is acquiring a majority stake in Tidal, the high-fidelity audio and video streaming service led by Jay-Z. Best Debt Consolidation Loans for Bad Credit
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