Spotify (SPOT) to Acquire Findaway
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Spotify Announces Acquisition of Audiobook Leader Findaway
November 11, 2021 4:00 PM ESTNEW YORK--(BUSINESS WIRE)-- Spotify Technology S.A. (NYSE: SPOT) (the company), today announced it has entered into a definitive agreement to acquire Findaway, a global leader in digital audiobook distribution. Terms of the transaction were not disclosed.
Together, Spotify and Findaway will accelerate Spotifys entry into the rapidly growing audiobooks industry, enabling faster innovation and bringing audiobooks to Spotifys hundreds of millions of existing listeners. Findaways technology infrastructure will enable Spotify to quickly scale its audiobook catalog and innovate on the experience for consumers, simultaneously providing new avenues for publishers,... More
