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Google reportedly set to buy Songza for $15 million


Newsbrief by Andrew Kameka on Friday June 06, 2014.

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It appears there may be another music streaming deal on the horizon, though this one will not be as high as the mega-deal that saw Apple purchase Beats for $3 billion. Google is set to purchase an older curated music system, Songza, for $15 million, according to the New York Post. However, it is unclear if Songza will accept the deal. While Apple reportedly paid $500 million for Beats 200,000-plus paid subscribers, Songza has 5 million active listeners who use the ad-supported music service. Though that's a seemingly very low valuation given the number of subscribers Songza has, Songza generates considerably less revenue than rival services because it does not have many ads.

source: NY Post, via: 9to5 Google

 
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