Oyogist.com has learnt that Twitter CEO, Jack Dorsey has initiated an agreement to acquire Jay-Z’s Tidal music streaming service.
Square inc., the financial technology company co-founded by Jack Dorsey will reportedly pay $297 million in cash and stock for Tidal, as the company intends adding Jay-Z’s name to Square’s board of directors.
Tidal also agreed to operate as a separate entity alongside it’s point of sale hardware and software framework of San Francisco-based tech company founded by Jack Dorsey, Square inc.
