The source said the deal will be signed this week and will be announced next Monday, but the situation may change.
One source said the deal was funded in nine figures, while another source said it was about 300 million pounds (about $ 401 million). It is noteworthy that the company completed the last one in 2015 The value of the round of financing was 1.02 billion US dollars (valuation data from PitchBook).
Shazam announced more than 1 billion downloads of its mobile device software in September 2016, meaning that numbers are likely to be higher now, but high downloads do not always translate into profits. In September 2017, Shazam The announcement said fiscal 2016 revenue of 40.3 million pounds (about 54 million US dollars), a loss of 4 million pounds (about 5.3 million US dollars), but this loss is far less than 16.6 million pounds in fiscal 2015 (about 22.22 million USD).
It is also worth mentioning that China's Tencent has also made some efforts in the field of music services recently, and the company jointly announced an equity investment agreement with Tencent Music and Spotify on Friday. Tencent Music and Spotify will purchase each other almost equal In addition, Tencent will acquire part of the shares from Spotify's current shareholders.
In a statement, the three parties said: "After these transactions are completed, Spotify will hold a minority stake in Tencent Music while Tencent and Tencent Music will also each hold a minority stake in Spotify."