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February 28, 2018 10:21 pm GMT
The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo and iHeartRadio before Spotify pulled it out from under them by buying it for a reported $100 million— 90 percent in Spotify equity. That deal paid off big time. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GCuphOISyYg/
Going public pits Spotifys suggestions versus everyone
The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo and iHeartRadio before Spotify pulled it out from under them by buying it for a reported $100 million— 90 percent in Spotify equity. That deal paid off big time. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/GCuphOISyYg/
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