In 2015, Jay-Z paid roughly $56 million for TIDAL’s parent company; six years later, Jack Dorsey’s Square paid $297 million for a majority ownership stake

In 2015, Jay-Z acquired Norwegian company Aspiro, the parent company of music streaming service TIDAL, for roughly $56 million. In March 2021, Square announced that it would acquire a majority ownership stake in TIDAL for $297 million in a mix of cash and stock while existing artist shareholders would remain stakeholders. According to Square, TIDAL would continue operating independently after the acquisition, while existing artist shareholders would retain ownership stakes.

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