Jay-Z sells Tidal to Jack Dorsey for $300 million

Jack Dorsey's digital-payments processor Square is buying a majority stake in Tidal, Jay-Z's music streaming platform, for $297 million, through a mix of cash and stock, The New York Times reports. The move is set to bring Jay-Z to Square's board of directors. Jay-Z bought Tidal in 2015 for $56 million.