Market holidays and trading hours provided by Copp Clark Limited. (NYSE: SQ) announced today that it has entered into a definitive agreement to acquire a majority ownership stake in TIDAL, the global music and entertainment platform that brings fans and artists together through unique music, content, and experiences. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. TIDAL is an artist-first, fan-centered music streaming platform that delivers over 100 million songs in HiFi sound quality to the global music community. But it’s a big payday for Jay-Z, the star rapper. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. And Square said Tidal’s revenue, which it didn’t disclose, is so small that it would have no material impact on its financial results in 2021. Existing artist shareholders will be the remaining stakeholders, the announcement said, and Shawn JAY-Z Carter would be named to Square’s board of directors. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Square Inc (NYSE: SQ), the payments giant, announced today its acquisition of a majority interest in TIDAL, the audio and video streaming platform led by Jay-Z, for 297 million in cash and stock. Jack Dorsey ’s other company Square announced Thursday it’s buying a majority stake in Jay-Z ’s streaming music platform Tidal for 297 million in cash and stock. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. Twitter CEO Jack Dorseys payments-processing company Square agreed to buy a majority ownership stake in Tidal, a music streaming service owned by rapper Jay. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Square, the mobile payments firm run by Jack Dorsey, has agreed to acquire a majority stake in Jay-Z’s music streaming service Tidal for 297 million, the companies announced Thursday.
0 Comments
Leave a Reply. |