Spotify has acquired another startup.
This time around, Spotify has acquired its fellow Stockholm-based company Soundtrap, which advertises itself as an online recording studio and online music collaboration program.
This isn't the first company that Spotify has acquired though. In the first half of 2017 alone, Spotify has purchased AI startup Niland, data/audio recognition startup Sonalytic, TV recommendation platform MightyTV, and blockchain startup MediaChain.
The total cost to acquire such business was said to be a combination of both cash and stock for €39 million ($42m).