Spotify
Classification
Public
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
About
About
Spotify is a digital music streaming platform that provides on-demand access to millions of songs, podcasts, and other audio content from around the world. The platform was founded in 2006 and has since become one of the world's most popular music streaming services, with over 356 million monthly active users in over 170 countries. Spotify offers both free and paid subscription plans. The free plan is ad-supported, while the paid plan offers an ad-free experience, higher-quality audio streaming, and the ability to download music for offline listening. Spotify's unique music discovery features have been a key driver of its success. The platform uses algorithms and machine learning to recommend new music to users based on their listening history and preferences. This feature, combined with curated playlists and exclusive content, has made Spotify a popular destination for music lovers. In addition to its music streaming service, Spotify has also become a leading platform for podcast listening. Spotify generates revenue through subscription fees and advertising. The platform partners with advertisers to create targeted ads for its free users, and also offers sponsored content opportunities for podcasts. Spotify Technologies S.A. was founded in 2006 by Daniel Ek and Martin Lorentzon. Spotify Technologies S.A. headquarters are located in Stockholm, Sweden.
Keywords
Keywords
Classified
Private