Spotify Technology S.A. (NYSE:SPOT) entered into an agreement to acquire Megaphone LLC from The Slate Group LLC for approximately $240 million on November 10, 2020. Megaphone’s approximately 70 employees are all expected to receive job offers from Spotify. The deal is subject to usual regulatory approvals. Allen & Co. acted as financial advisor for Graham Holdings Company (NYSE:GHC), parent of The Slate Group LLC. Howard Ellin, Christopher Barlow, Stuart Levi, Steven Matays, Karen Corman, Page Griffin, Kenneth Schwartz and Ingrid Vandenborre of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Spotify Technology. Spotify Technology S.A. (NYSE:SPOT) completed the acquisition of Megaphone LLC from The Slate Group LLC for approximately 200 million on December 8, 2020.