Tag: acquisition

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Spotify tipped to pay $200m+ for podcast firm Gimlet Media

Spotify’s next step in podcasts may be a $200m+ acquisition of a company called Gimlet Media. The Wall Street Journal and tech-news site Recode both reported that the streaming service was in talks to buy the company,...
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European Commission clears Apple’s acquisition of Shazam

This was rumoured last month, but now the European Commission has confirmed its approval of Apple’s acquisition of music-identification firm Shazam, on the grounds that it won’t have any negative effects on competition.
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“Did Daniel Ek just say that Spotify is buying SoundCloud?” No.

The dopamine hit from clickbait headlines will do for us all at some point. Nordic Business Insider has picked up on an interview with Spotify co-founder Daniel Ek on TV4 in his homeland of Sweden and suggested that, “reading...
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Chew swallows Mixify community

UK-based Chew, which streams DJ sets, has announced that it is integrating the community Mixify, its largest rival, into its own offering. In a posting on Medium, Chew co-founder Will Benton outlines what this means.
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Maker Studios layoffs confirmed

More fuel to the “Is YouTube a terrible thing and actually an unsustainable business?” debate that the music industry is currently tying itself in knots over.
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SoundCloud tipped for $1bn sale – if it can find a buyer

While SoundCloud negotiated its major label and publishing deals ahead of the launch of its Go subscription tier, chatter about an acquisition of the company died down. Now it’s back.
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Verizon expected to buy Yahoo and combine it with AOL

The mother of all Web 1.0 mergers may be imminent. US telco Verizon is reportedly preparing to pay around $5bn for Yahoo, and then combine the company with AOL, which it bought for $4.4bn in 2015.
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SOCAN buys digital distributor Audiam

Canadian PRO SOCAN is on an acquisitions roll. Having bought B2B firm MediaNet in May, now it has acquired digital distributor Audiam as well.
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BandLab buys Composr and hires veteran Fred McIntyre

Cloud-based music creation startup BandLab is on the acquisition trail. It has acquired European rival Composr, which has its own platform for music composition on iOS and web.
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Tidal’s latest suitor is reportedly Apple Music

Gossip about Tidal being up for sale have been floating in the ether for at least half a year, even if the potential suitors (Samsung, Rhapsody, Google) have changed.
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Mobile games firm Supercell valued at $9bn in acquisition

Founded in 2010 as an indie studio in Finland, Supercell has since become one of the biggest mobile games companies in the world. Games including Clash of Clans and Hay Day made it $2.3bn of revenues and a $924m net profit...
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Big Machine Label Group to stay independent

Nobody, it turns out, will be paying the $225m-$250m that Scott Borchetta was seeking for his Big Machine Label Group: it emerged yesterday that Taylor Swift’s label will remain independent. Well, independent with a distribution...