Spotify Has Hired An M&A; Specialist To Assist It Purchase Other Corporations

Spotify has hired an executive tasked with helping it buy other companies.
The music streaming service is bringing on Sheila Spence, a longtime M&A specialist at ad giant WPP, as its vice president of corporate development.
CNBC’s parent NBCUniversal is an investor in Recode’s parent Vox, and the companies have a content-sharing arrangement.
Up until now Spotify has made relatively modest purchases, and has usually focused on bringing on engineering teams.
Spotify’s biggest acquisition to date appears to be The Echo Nest, a music data startup, for about $60 million.

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