M&A Deal Summary

Spotify Acquires Findaway

On November 11, 2021, Spotify acquired internet software and services company Findaway

Acquisition Highlights
  • This is Spotify’s 12th transaction in the Internet Software and Services sector.
  • This is Spotify’s 16th transaction in the United States.
  • This is Spotify’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-11-11
Target Findaway
Sector Internet Software and Services
Buyer(s) Spotify
Deal Type Add-on Acquisition

Target

Findaway

Solon, Ohio, United States
Findaway is a digital audiobook distribution with AudioEngine and a self-publishing platform for independent authors with Findaway Voices. Additional offerings of end-to-end audio production by Audioworks and publishing under their OrangeSky Audio. Findaway was founded in 2005 and is based in Solon, Ohio.

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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 21 of 27
Sector: Internet Software and Services M&A 12 of 15
Type: Add-on Acquisition M&A Deals 20 of 26
State: Ohio M&A 1 of 1
Country: United States M&A 16 of 18
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Podz

New York, New York, United States

Podz generates high-quality clips that give users the opportunity to preview key moments from podcast episodes, encouraging them to discover and listen to new podcasts. Podz is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Whooshkaa

Surry Hills, Australia

Whooshkaa is a podcast technology platform that gives independent creators, publishers, broadcasters, and brands a cost-effective, end-to-end platform to host, distribute, monetize, and track on-demand audio. The company offers radio broadcasters a specialized tool that makes it simple to turn their existing audio content into on-demand podcast content. Whooshkaa was formed in 2015 and is based in Surry Hills, Australia.

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