Twitter’s Jack Dorsey could be pushed out by Elliott Management: Gasparino
FOX Business’ Charlie Gasparino on the latest news surrounding Twitter and its management.
Square, Inc. the financial technology company co-founded by Twitter CEO Jack Dorsey, announced that it reached an agreement to acquire Jay-Z’s Tidal music streaming service.
Under the deal, Square will pay $297 million in cash and stock for Tidal, Jay-Z will be named to Square's board of directors, and he and other artists who currently own shares in Tidal will remain stakeholders.
Tidal will operate as a distinct entity alongside the point-of-sale hardware and software offerings of San Francisco-based Square, the payments company founded by CEO Dorsey, who is also co-founder and chief executive of Twitter.
JAY-Z, TEAMROC PHILANTHROPY HONOR GEORGE FLOYD WITH FULL-PAGE ADS
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Tidal has presented itself as the artist-friendly alternative to other music streamers, and Square says it will take that phenomenon further for musicians just as it has for businesses with its financial systems.