Jay-Z joins the board of Jack Dorsey’s Square

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Jack Dorsey and Jay-Z are becoming a member of forces.


Jack Dorsey

Sq., the cell funds firm owned by Twitter CEO Jack Dorsey, has added Jay-Z to its board of directors. In an SEC submitting Friday, Sq. stated it has expanded its board from 11 to 12 administrators so as to add Shawn Carter, also called Jay-Z, as reported earlier by MarketWatch

Sq. additionally reached a advertising and sublease take care of Jay-Z’s firm Roc Nation, based on the SEC submitting.

It follows Sq. saying in March that it could purchase a majority stake in Jay-Z’s premium music service Tidal for $297 million. On Friday, Sq. stated it accomplished the Tidal acquisition on April 30 for $302 million.

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“I am grateful for Jay’s imaginative and prescient, knowledge, and management,” Dorsey wrote in a tweet in March. “I knew Tidal was one thing particular as quickly as I skilled it, and I am impressed to work with him.”

Tidal — a $10 a month music streaming service, or $20 if you need lossless hi-fi audio — will function independently beneath Sq.. Tidal has a catalog of over 70 million songs and 250,000 music movies.