Spotify Just Acquired Whooshkaa: Here's What Shareholders Need to Know

Roughly one month ago, the world's largest audio streaming platform, Spotify (NYSE: SPOT), published a news piece on its company blog announcing that it has officially acquired an Australian-based podcast technology company called Whooshkaa.

Though the terms of the transaction weren't disclosed and investors have yet to receive any insight into Whooshkaa's financials, the company's core technology could be a big growth driver for Spotify in the long run. Let's see why.

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Source Fool.com