Google Acquiring Spotify In $4.2 Billion Deal

NatiboyB

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As a windows phone user I could care less about this deal as Xbox Music >>>>>>>>>> Spotify. But Apple users need to be very concerned.

Stan stan go away go and play in another thread.

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The Bilingual Gringo

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Interesting move on their part. Google knows what we buy, search for, listen to, watch, who we talk to, etc. online. :skip:

Glad I still use last.fm though.
 

Ohene

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Imagine being the former CEO of that company and seeing 4.2 billion dollars wired into your bank account.

thats not how it works :snoop:

you think the founder really funded the whole business on his own? They purchase the shares using cash or their own stock. If a venture capitalist invested 100 Million way back in the day for a 25% stake, theyre getting 505 Million of that 4.2. Then the employees who may have shares are getting their cut too. Etc etc. The Founders probably only own a couple % by themselves. But I digress. Nonetheless dude getting that cake and google stock. He set for life :wow:
 

Rohiggidy

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nonsense google music signed deals with the record labels and have their own service coming out
new report coming out of Bloomberg that “two people with knowledge of the situation” that Google is indeed working on a streaming music service. According to Bloomberg, Google is planning on launching this service in Q3 this year, and they are already in talks with record labels:

Negotiations are under way with major record labels to license their music, said the people, who sought anonymity because the talks are confidential. Google, which also owns the YouTube video website, is also discussing renewing deals that cover the use of songs in videos made by consumers, they said.
 

Ayo

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fukking Sean Parker. This is the 3rd time he's jumped in on something and made a bundle. Actually the first time with Napster he lost money but he gained noteriety from it and it put him in the position he's in. Figuring Sean Fanning and his uncle had Napster up and running before Parker jumped in.

Lucky b*stard.
 
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