The word around town is that Tidal is in talks to be sold to new ownership. Tidal launched in 2014 and now operates in over 50 countries. Jay-Z first purchased the platform back in 2015 for $56 million from Swedish company Aspiro.Square, an American financial services company that operates Cash App, is reportedly interested in purchasing Tidal from Jay-Z. Twitter and Square CEO Jack Dorsey is reportedly looking to diversify and has held talks about buying the streaming service. The news comes after Dorsey and Jay-Z were spotted hanging out together. Both Tidal and Square have not spoken on the reported deal as of now.
Tech billionaire Jack Dorsey has reportedly held talks with Jay-Z about his payments firm Square acquiring Tidal, the Brooklyn-born rapper’s music streaming service.
Dorsey — also the co-founder and CEO of Twitter — is interested in taking over Tidal in an effort to diversify Square’s business, Bloomberg News reported Wednesday, citing an unnamed source familiar with the situation.