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  6. Spotify Acquires The Echo Nest

M&A Deal Summary

Spotify Acquires The Echo Nest

On March 6, 2014, Spotify acquired internet software and services company The Echo Nest

Acquisition Highlights
  • This is Spotify’s 2nd transaction in the Internet Software and Services sector.
  • This is Spotify’s 1st transaction in the United States.
  • This is Spotify’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-03-06
Target The Echo Nest
Sector Internet Software and Services
Buyer(s) Spotify
Deal Type Add-on Acquisition

Target

The Echo Nest

Somerville, Massachusetts, United States
The Echo Nest is a “music intelligence company” that does things like determine what recommendations to make to listeners for automatic streaming radio services.

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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 2 of 27
Sector: Internet Software and Services M&A 2 of 15
Type: Add-on Acquisition M&A Deals 2 of 26
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 18
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Tunigo

London, United Kingdom

Tunigo allows users to find, create and share new music and playlists on Spotify.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Seed Scientific

New York, New York, United States

Seed Scientific is a consulting confirm that specializes in data science and analytics.

Buy -
Mergr

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