Pursuits
Spotify Won’t Ever Sell to Larger Company, CEO Ek Says
- Says acquisitions by U.S. tech companies holding back Europe
- Ek’s advice for Europe’s entrepreneurs: ‘Don’t ever sell’
Daniel Ek.
Photographer: Johann Jeppsson/BloombergThis article is for subscribers only.
Music streaming service Spotify Ltd. won’t ever sell out to a large U.S. tech company, the startup’s chief executive officer and co-founder Daniel Ek said Thursday.
Speaking to reporters at a technology and music conference in Stockholm, Ek said that he sees the fact European entrepreneurs frequently sell their companies to larger U.S. businesses as holding back the region’s technology sector.