January 27, 2023
Apple in Very Early Negotiations to Acquire Spotify?

Apple in Very Early Negotiations to Acquire Spotify?

Posted October 26, 2010 at 5:33pm by iClarified · 6974 views
Apple is rumored to be in very early negotiations to acquire Spotify, a music streaming service that offeers unlimited streaming of music from selected labels, according to a TechCrunch report.

Here’s what we heard – Apple and Spotify are in on-again, off-again discussions about an acquisition, but at best it’s very early in the process. No firm price has been offered, no term sheet tabled. Still, it’s interesting that the two are talking.

Interestingly, their source says Google was previously in negotiations to acquire the service as well.

Google was going to pay nearly $1 billion for the service. Ultimately the deal went sideways because Google was demanding that all label deals be grandfathered in. And Spotify wanted a $800 million+ walk away fee if the deal faltered (Google had a similar provision in their Admob acquisition).

Spotify is hoping to launch in the USA but has run into trouble negotiations deals with music labels and possibly even resistance from Apple.

Read More



Apple in Very Early Negotiations to Acquire Spotify?
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
You must login or register to add a comment...
t_01
t_01 - October 27, 2010 at 12:20pm
I hope Apple don't buy Spotify. It's a great service as it is. If Apple take over I have a feeling their prices will sky-rocket and it will be integrated into iTunes.
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where to Download iPod touch Firmware Files From
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.
DEALS