Music streamer Spotify — ahead of an expected initial public offering in 2018 — has agreed to buy a stake in China’s Tencent Music Entertainment, which in turn will purchase an equity stake in Spotify, the companies announced Friday. Financial terms of the deal weren’t disclosed. Last week, the Wall Street Journal reported that Spotify and […]
Music streamer Spotify — ahead of an expected initial public offering in 2018 — has agreed to buy a stake in China’s Tencent Music Entertainment, which in turn will purchase an equity stake in Spotify, the companies announced Friday. Financial terms of the deal weren’t disclosed. Last week, the Wall Street Journal reported that Spotify and […]
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