Spotify contradicts Apple Acquisition Talks

Here, the European-based streaming music player Spotify on Tuesday denied reports of acquisition talks with Apple. A blog had reported Spotify and Apple were involved in buy-out discussions.

According to spokesman, “we wanted to make it clear that we have absolutely no intention of selling Spotify,”as told to reporter. An earlier report suggested the two companies were in talks about the Cupertino firm acquiring Spotify, which is attempting to enter the U.S. digital music market.

The latest Spotify acquisition news was a rumor and previously, some observers has also suggested that Apple might acquire Sony, Adobe or even Disney, although such chatter goes no further than speculation.
The iPhone maker has an estimated $51 billion in cash it could use to buy companies.

[Via CNET, TechCrunch]

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