Since purchasing Tidal for $56 million back in 2015, Jay-Z has made the streaming service a big contender in the music industry. But it could be that Jay-Z is considering handing-off a majority stake in the company. The rapper has reportedly been in talks to sell the site to Twitter CEO Jack Dorsey and his Square Inc. payment company.
As reported by Bloomberg, Square Inc. is looking to “diversify” their assets with the purchase of Tidal. The streaming service hasn’t publicly released their year-end figures since reporting they had 3 million paying customers back in 2016, but Jay-Z’s move to put his music back on Spotify has led some to question the longevity of the platform.