Large banks are currently feverishly looking for takeover targets, in billion deals they have taken over fintechs and tech companies – but a streaming service is hardly on their wish list. It’s different with Square founder Jack Dorsey, who negotiated the purchase of Tidal a few weeks ago. Dorsey is said to have met several times with the rapper and Tidal owner Jay-Z, as reported by Bloomberg.
The potential acquisition illustrates well how Dorsey is building a brand that has little to do with the image of traditional financial brands. At the end of 2020 he started his own clothing line for his Cash App. Sweaters in his company’s style can be bought from $ 60.
What does the company intend to do – and where are the difficulties for the fintech star? You can read that today on Finance Forward, the finance portal of Personal-Financial.com and OMR. You can register for the daily newsletter here.