Posted 03/07/2014 at 9:05 AM
Posted 3 years ago
Spotify has acquired Echo Nest.
Echo Nest is a music discovery and technology company.
This seems to be a smart move on Spotify’s part, as many of Echo Nest’s clients are competitors, of particular note: Clear Channel’s iHeartradio, and Rdio.
An IPO appears to be in the works for Spotify, and an acquisition such as this only firms up their position going forward.