Spotify has purchased music data and discovery company The Echo Nest for an undisclosed figure. The two companies announced the deal today via a blog post. Spotify is hoping to use Echo Nest's technology to increase music discovery for its 24 million active listeners.
"At Spotify, we want to get people to listen to more music," said Spotify CEO Daniel Ek. "We are hyper focused on creating the best user experience and it starts with building the best music intelligence platform on the planet. With The Echo Nest joining Spotify, we will make a big leap forward in our quest to play you the best music possible."
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