M&A Deal Summary

Spotify Acquires Soundtrap AB

On November 17, 2017, Spotify acquired digital media company Soundtrap AB

Acquisition Highlights
  • This is Spotify’s 1st transaction in the Digital Media sector.
  • This is Spotify’s 1st transaction in Sweden.

M&A Deal Summary

Date 2017-11-17
Target Soundtrap AB
Sector Digital Media
Buyer(s) Spotify
Deal Type Add-on Acquisition

Target

Soundtrap AB

Stockholm, Sweden
Soundtrap operates a web-based music recording studio that enables users to record, edit, collaborate, and share their recordings. The Company was formed in 2012 and is based in Stockholm, Sweden.

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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 11 of 27
Sector: Digital Media M&A 1 of 9
Type: Add-on Acquisition M&A Deals 11 of 26
Country: Sweden M&A 1 of 1
Year: 2017 M&A 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Loudr

San Francisco, California, United States

Loudr is a music licensing platform, which offers products and services that allow content creators, aggregators, and digital music services to identify, track and pay royalties to music publishers. Loudr was established in 2013 and is based in San Francisco, California.

Buy -