Square (SQ) to Acquire Majority Stake in TIDAL in $297 Million Deal
March 4, 2021
Square Inc. entered into a definitive agreement to acquire a majority ownership stake in TIDAL for a total deal value of $297 million, funded with a mix of cash and stock. TIDAL is expected to operate independently within Square alongside the Seller and Cash App ecosystems, with existing artist shareholders remaining co-owners after closing.
- Buyers
- Square Inc
- Targets
- TIDAL
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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