Rumours of an imminent Tidal acquisition have come and gone before, but the latest seems like the most serious yet.

Bloomberg reported that the streaming service has actually held talks with Square, the payments technology company founded and run by Twitter boss Jack Dorsey. The report suggested that Dorsey wants Square to evolve into “a much broader company made up of stand-alone, complementary services”.

If a deal does happen, one intriguing possibility is collaboration between Tidal and Square subsidiary Cash App, which is one of the partners for Spotify’s ‘Artist Fundraising Pick’ feature through which fans can pay artists directly.

Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!

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Stuart Dredge

Music Ally's Head of Insight

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