Spotify Technology S.A. completed the acquisition of Findaway World, LLC €117 million.
June 14, 2022
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Spotify Technology S.A. (NYSE:SPOT) entered into a definitive agreement to acquire Findaway World, LLC on November 11, 2021. The company will maintain its headquarters in Solon, Ohio and will continue to be led by Findaway Founder & Chief Executive Officer Mitch Kroll, who will report to Nir Zicherman, Head of Audiobooks at Spotify. The transaction is subject to regulatory review and approval and is expected to close in the fourth quarter of 2021. Howard Ellin, Christopher Barlow, Stuart Levi, Page Griffin, David Schwartz, Steven Matays, Ingrid Vandenborre and Kenneth Schwartz of Skadden, Arps, Slate, Meagher & Flom acted as legal advisor to Spotify Technology on the deal.
Spotify Technology S.A. (NYSE:SPOT) completed the acquisition of Findaway World, LLC €120 million on June 15, 2022.
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.
SPOTIFY TECHNOLOGY S.A. 
