Spotify is preparing to be acquired at a price tag ‘north of $14 billion,’ according to multiple sources now speaking with Digital Music News. Signatures and final approvals are ‘exceptionally close,’ with an announcement carefully planned for exactly one week from now, according to one dealmaker.
The buyer is not being disclosed, though the Wall Street Journal is already preparing a front page story for next Wednesday morning. The article will symbolically only be available to paying subscribers.
It's obviously bogus, but a nice "twerk". The Russian minister part just doesn't past the smell test. The industry certainly is in flux and the big players are trying to see the best way to move. Apple, Google, Amazon and even JZ are trying to make the right moves to monetize the stream properly and make the stakeholders happy. Definitely stay tuned, there's more to come.