Square, founded by Twitter’s CEO Jack Dorsey, will be acquiring majority stock in Tidal led by Jay-Z. Square is expected to pay $297 million in a cash and stock deal. The acquisition comes as a surprise as Square is known more for its financial products. Dorsey addressed this in a series of tweets saying, “Why would a music streaming company and a financial services company join forces?!” His answer was, “It comes down to a simple idea: finding new ways for artists to support their work.” The idea being that since Square has been able to help sellers of all sizes and see success they will be able to do the same for artists. Time will tell whether or not this will be the case.
There’s A New Nintendo Switch Coming
According to a report from Bloomberg, there’s a new Nintendo Switch on the way! The updated console is set to include a 7-inch screen along with OLED panels and will offer 4K capabilities when paired with a TV. Samsung is expected to start production in June with an initial monthly goal of 1 million units.