Will Google Buy Spotify to Add Streaming Music Service to Portfolio?
June 5, 2014
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Google is in the market for a streaming music service, according to a report by the New York Post. While Apple has scooped up Beats and Amazon is reportedly planning on adding music streaming to Prime, the report says Google has been surveying the landscape and exploring how to offer a similar service. It cites a source who says Google has been having discussions with banks about its future music strategy. While the report prompts speculation that Google could attempt to scoop up Spotify, it cites concerns that the company, with a $4 billion valuation and 10 million paying customers, could grow too big.
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