Spotify to acquire Findaway.

Spotify, a Swedish audio streaming and media services provider, agreed to acquire Findaway, a multi-product, multi-brand audio technology company. Financial terms were not disclosed. "It’s Spotify’s ambition to be the destination for all things audio both for listeners and creators. The acquisition of Findaway will accelerate Spotify’s presence in the audiobook space and will help us more quickly meet that ambition. We’re excited to combine Findaway’s team, best-in-class technology platform, and robust audiobook catalog with Spotify’s expertise to revolutionize the audiobook space as we did with music and podcasts," Gustav Söderström, Spotify Chief Research & Development Officer.