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M&A Deal Summary

Spotify Acquires SoundBetter

On September 12, 2019, Spotify acquired internet software and services company SoundBetter

Acquisition Highlights
  • This is Spotify’s 10th transaction in the Internet Software and Services sector.
  • This is Spotify’s 11th transaction in the United States.
  • This is Spotify’s 6th transaction in New York.

M&A Deal Summary
Date 2019-09-12
Target SoundBetter
Sector Internet Software and Services
Buyer(s) Spotify
Deal Type Add-on Acquisition

Target

SoundBetter

Brooklyn, New York, United States
SoundBetter, Inc. is a provider of audio production and collaboration marketplace helping creators worldwide connect and hire top audio professionals. SoundBetter was founded in 2012 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Spotify

Luxembourg, Luxembourg
Category Company
Founded 2006
Sector Digital Media
Employees7,691
Revenue 15.7B EUR (2024)
DESCRIPTION

Spotify is an internet audio streaming subscription service provider. Spotify was incorporated in 2006 and is headquartered in Luxembourg.

DEAL STATS #
Overall 16 of 27
Sector: Internet Software and Services M&A 10 of 15
Type: Add-on Acquisition M&A Deals 16 of 26
State: New York M&A 6 of 9
Country: United States M&A 11 of 18
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Parcast

Woodland Hills, California, United States

Parcast is a storytelling podcast studio focused on creating scripted, story-driven programming that is engaging, informative, and entertaining. Parcast creates, develops and produces its shows in-house by a team of writers, researchers and hosts. Hit titles from Parcast include Cults, Serial Killers, and Mythology.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 The Ringer

Los Angeles, California, United States

THE RINGER, launched by Bill Simmons in 2016, is a website, podcast network and scripted and non-scripted video production house creating a blend of sports, pop culture, politics, and tech content. The Ringer Podcast Network includes over 30 podcasts, featuring shows such as “The Bill Simmons Podcast,” “The Rewatchables” and “The Ryen Russilio Podcast,” among many others.

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