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Announced

Spotify to acquire Sonantic.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Private

Majority

Pending

ai voice platform

Single Bidder

text to speech

Friendly

Online and Social Platforms

Acquisition

Cross Border

Synopsis

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Spotify, a proprietary Swedish audio streaming and media services provider, agreed to acquire Sonantic, an AI voice platform. Financial terms were not disclosed. “We’re really excited about the potential to bring Sonantic’s AI voice technology onto the Spotify platform and create new experiences for our users. This integration will enable us to engage users in a new and even more personalized way," Ziad Sultan, Spotify Vice President of Personalization.

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