Square-Tidal deal is a head-scratcher, but likely good news for Tidal fans
What in the wide world of sports does Square want with Tidal? That’s the question most of the tech world was asking after Square, the fintech giant led by Twitter CEO Jack Dorsey, announced it was buying a majority stake in Tidal, Jay-Z’s high-profile but struggling streaming music service.
The mammoth $297 million deal, which includes Jay-Z taking a seat on Square’s board, naturally led to a flurry of speculation. “Why would a music streaming company and a financial services company join forces,” Dorsey himself asked on his own Twitter feed.