Block Discloses $132.3 Million Tidal ‘Goodwill Impairment Charge
Block Discloses $132.3 Million Tidal ‘Goodwill Impairment Charge,’ Citing ‘Strategic Focus’ Changes
Nearly three years after purchasing Tidal in an approximately $300 million deal, Block (formerly Square) has identified a $132.3 million “goodwill impairment charge” stemming from the streaming service.