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  6. Spotify Acquires Mediachain Labs

M&A Deal Summary

Spotify Acquires Mediachain Labs

On April 26, 2017, Spotify acquired internet software and services company Mediachain Labs

Acquisition Highlights
  • This is Spotify’s 7th transaction in the Internet Software and Services sector.
  • This is Spotify’s 6th transaction in the United States.
  • This is Spotify’s 3rd transaction in New York.

M&A Deal Summary
Date 2017-04-26
Target Mediachain Labs
Sector Internet Software and Services
Buyer(s) Spotify
Deal Type Add-on Acquisition

Target

Mediachain Labs

Brooklyn, New York, United States
Mediachain Labs is a peer-to-peer decentralized database for sharing information across applications and organizations in the music industry. Mediachain Labs was established in 2014 and is headquartered 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 9 of 27
Sector: Internet Software and Services M&A 7 of 15
Type: Add-on Acquisition M&A Deals 9 of 26
State: New York M&A 3 of 9
Country: United States M&A 6 of 18
Year: 2017 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 MightyTV

Irvington, New York, United States

MightyTV, Inc. is a video streaming application that allows users to discover and stream movies and television videos. MightyTV, Inc. was established in 2015 and is headquartered in Irvington, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Niland

Paris, France

Niland is a developer platform that enables companies to build a music application with search and recommendation option. Niland was established in 2013 and is headquartered in Paris, France.

Buy -
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