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New Deal


Announced

Completed

Spotify completed the acquisition of Heardle.

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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Completed

Majority

Single Bidder

Acquisition

music game

Cross Border

Gaming

Friendly

United Kingdom

Private

Synopsis

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Spotify, an audio streaming and media services provider, completed the acquisition of Heardle, a daily music game. Financial terms were not disclosed. “We are always looking for innovative and playful ways to enhance music discovery and help artists reach new fans. Heardle has proven to be a really fun way to connect millions of fans with songs they know and love and with new songs . . . and a way to compete with their friends as to who has the best musical knowledge. Since its debut, the game has quickly built a loyal following, and it aligns with our plans to deepen interactivity across the Spotify ecosystem," Jeremy Erlich, Spotify Global Head of Music.

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