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Majority stake being bought by Square in streaming service Tidal

Majority stake being bought by Square in streaming service Tidal

An agreement has been reached between Square and subscription-based streaming service Tidal for a majority stake in the company. Pending customary closing conditions and regulatory approval, the deal is expected to be closed by the second quarter of 2021. A sum of $297 million in cash as well as stock will be paid by Square in exchange of a majority ownership stake.

Sandra
Sandra
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