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Square confirms acquisition of majority stake in Tidal

Thursday 4 March 2021 | 16:29 CET | News
Square has confirmed a deal to acquire control of music streaming service Tidal. It will pay a mix of cash and stock worth USD 297 million for a "significant majority stake", while existing artist shareholders in Tidal also will remain stakeholders. Tidal will continue as an independent business within Square, alongside its payments businesses.

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Categories: Internet / Mobile & Wireless
Companies: Square / Tidal
Countries: World
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