TIDAL is one of the three major streaming services fans can use to get their daily dose of music. Compared to the leading service Spotify, TIDAL has struggled to keep up with the giant over the years, but it looks like they could be getting some help in the future.
According to a Wednesday (December 23) report from Bloomberg News, Square, the American financial services company that runs Cash App and Square Seller, is looking to take TIDAL off JAY-Z’s hands.
The CEO of the company Jack Dorsey, who’s also the CEO of Twitter, is reportedly holding talks to buy the streaming service. There hasn’t been word on JAY-Z looking to sell, what the deal is or how deep the conversations are, but the two have been hanging out a lot recently in Hawaii and the Hamptons.
Hov bought TIDAL off Swedish Aspiro in 2015 for $56 million. In five years, the streaming service has subscribers in over 50 countries and reported they had three million sign up with the company in 2016, but there hasn’t been any word on those numbers since.
JAY-Z recently unleashed his newest business endeavor, MONOGRAM. The company is the Brooklyn legend’s first foray into the cannabis business that has been sweeping the country. MONOGRAM bills itself as having “careful strain selection” and boasts about its board of “cannabis experts who grade and select every flower by hand.”