AY-Z TIDAL SALE CLOSES … $350 Mil to Jack Dorsey’s Square!!!

Square, the financial services company owned by Jay’s pal, Jack Dorsey, is now firmly in the music streaming biz. Jack had announced back in March that he planned to take Tidal off Jay’s hands, but sources familiar tell TMZ they just closed the deal Friday morning.

For its $350 mil … Square gets 80% ownership of Tidal, along with licensing deals with the major record labels and all the artists/owners will remain with the company too.

Jay’s made serious bank of his Tidal investment. He’d previously sold 33% of it to Sprint back in 2017 for an undisclosed amount.

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