Spotify is not in talks with Apple about a possible takeover of the music streaming service despite several media reports.
Apple had been reported to have approached Spotify about a possible acquisition, according to TechCrunch. "Apple and Spotify are in on-again, off-again discussions about an acquisition, but at best it's very early in the process," TechCrunch wrote.
"No firm price has been offered, no term sheet tabled. Still, it's interesting that the two are talking."
However, Spotify spokesman Jim Butcher denied that any such talks have ever taken place. "We wouldn't normally comment on this kind of speculation, but we wanted to make it clear that we have absolutely no intention of selling Spotify," he said.
Spotify's journey from Europe, where it has been quite successful, to the United States has been rocky to say the least. The company still insists that it will manage to get its streaming service to the country by the end of the year. There had been reported that at least some of Spotify's troubles could be due to Apple's influence over record companies.
"No firm price has been offered, no term sheet tabled. Still, it's interesting that the two are talking."
However, Spotify spokesman Jim Butcher denied that any such talks have ever taken place. "We wouldn't normally comment on this kind of speculation, but we wanted to make it clear that we have absolutely no intention of selling Spotify," he said.
Spotify's journey from Europe, where it has been quite successful, to the United States has been rocky to say the least. The company still insists that it will manage to get its streaming service to the country by the end of the year. There had been reported that at least some of Spotify's troubles could be due to Apple's influence over record companies.
