Josh Constine, writing for TechCrunch, looks at Spotify’s latest move of raising $1 billion in convertible debt to fight Apple Music.
What the debt does provide Spotify is opportunities to make acquisitions. With SoundCloud and Pandora in the dumps, Spotify could potentially make a play to bring more independent music or radio listeners into its music empire.]
Why would Spotify agree to these aggressive terms? Because it’s competing with the most well funded company in history: Apple.