![]() Dolev thinks Square could once again be at the forefront of a new paradigm. Square was quick to recognize the potential of Bitcoin, and a big part of its success has been down to the close relationship between the Cash App and the leading cryptocurrency. Are you feeling Korea’s sensationally HOT Hallyu tidal wave sweeping the crowded streets of New York Times Square With our Kimchi Cookoff Promotional video. The recent craze for NFTs (non-fungible tokens) – a digital certificate represented by a unique token as proof of ownership of art/IP/or anything that could be tokenized - could open up new commercial possibilities for artists.įor example, the Kings of Leon new album will also be released as a limited edition NFT, and some works of art have been selling for massive amounts. For those interested in the nitty-gritty financial details, Square has stated it will pay a mix of cash and stock of 297 million for the majority ownership stake in the streaming service. Why would a music streaming company and a financial services. Not to mention, there is also a growing convergence between Bitcoin – or more specifically, blockchain – and art. 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. The mammoth 297 million deal, which includes Jay-Z taking a seat on Square’s board, naturally led to a flurry of speculation. The new partnership is aiming to translate the success of. “It expands the ecosystem, provides new creativity around Bitcoin uses, boosts engagement and increases Cash App's buzz.” Now it’s surfaced that the fintech company is slated to buy a majority stake in the niche music streaming service for 297 million. ![]() ET The under-performing music streaming service headed up by Jay-Z is joining the fintech giant. By Lorenzo Mirone, Riccardo Colombo, Federico de Rosa (Bocconi University) and Aman Singla, Akhil Vajjhala, Siddharth Tripurani (New York University) Photo: Viktor Forgacs (Unsplash) Overview of the deal Acquirer: Square, Inc Target: TIDAL Total Transaction Size: 297 Million Closed date: March 4th, 2021 Target advisor: Square, Inc, a financial. “We believe that acquiring a majority ownership stake in Jay-Z's TIDAL platform is an excellent fit for SQ,” Dolev said. Current Price 65.52 Price as of June 13, 2023, 4:00 p.m. However, Mizuho analyst Dan Dolev has an upbeat take on the new addition to the fintech star’s arsenal of services. 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.
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