Jack Dorsey Has Reportedly Been Meeting With Jay-Z Over Potential Tidal Purchase
ByJoseph Gibsonon January 4, 2021inArticles›Billionaire News
Square, the digital payment platform headed by Twitter’s Jack Dorsey , might be purchasing Jay-Z’s premium music streaming service, Tidal, if a recent Bloomberg report proves accurate. Dorsey has met with Jay-Z at least twice over the last several months, and though the substance of those conversations weren’t public, a source claims that Dorsey is interested in diversifying Square’s holdings by grabbing Tidal.
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Whatever Tidal’s health as a company may be, it might nevertheless make an attractive prospect for Dorsey and Square, as he reportedly has visions of building the company into a much larger corporate brand for a variety of different products and services. A music streaming service like Tidal might be a good way to grow the Square brand even if the service itself doesn’t have the popularity of competitors like Spotify and Apple Music (which, of course, could always change).
In addition to Jay-Z, there are supposedly a lot of other notable artists with stakes in Tidal, including Beyoncé , Win Butler and Regine Chassagne of Arcade Fire, Alicia Keys , and even Daft Punk, along with many others, listed on the service’s website as “artist-owners.” But it isn’t known what their actual roles within the company are now, or whether they might have any input into a potential deal between Tidal and Square.
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