JAY-Z To Reportedly Sell TIDAL for $350 Million USD

Music mogul JAY-Z is reportedly selling his TIDALstreaming service for a whopping $350 million USD.

XXL Magazine reports that JAY-Z is selling TIDAL to Square Inc., a financial company owned by Twitter CEO Jack Dorsey. The deal gives Square 80 percent ownership of TIDAL, as well as allows the company to acquire the licensing deals with all major record labels. However, artists and owners are expected to stay with TIDAL. Additional information indicate that Square Inc. is set to pay $297 million USD in cash and stocks.

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