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.
But how does a music streaming service fit within a financial services and technology company? Let's take a look and see if we can find some answers.
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Source Fool.com
