Square Just Bought Tidal for $300 Million. Here's Why

Brett Schafer, The Motley Fool
·4-min read
Square Just Bought Tidal for $300 Million. Here's Why

Financial services company Square (NYSE: SQ) announced on March 4 that it had acquired a majority stake in Tidal for $297 million. If you didn't know already, Tidal is a music streaming service founded by music mogul Jay-Z and other artists to bring high-quality and exclusive content to the digital age. The service never really caught fire, but management hopes that can change under the Square umbrella.