Spotify has just signed a huge new global agreement with Warner Music Group, meaning that now the streaming service has deals with all three major labels and it can now start preparing to go public. This new deal between Warner and Spotify was announced yesterday afternoon, but none of the terms were disclosed to the public. The negotiations for this one were on going for months and months, but now everything is in order.
Now, it remains to see when Spotify will choose to go public, as it is stated that the company doesn’t want to go for a traditional IPO, but plans on selling its shares directly to the public and not to the Wall Street banks. If you are curious to know more, make sure to stay tuned!