Spotify has acquired Swedish music discovery startup Tunigo in an effort to compete with Twitter’s new music service, AllThingsD reports. Tunigo will continue to operate as normal for the time being, but all of the company’s employees will reportedly move into Spotify’s offices in Stockholm and New York to work on Spotify’s main music streaming service.
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For the past several months it’s been rumored that Apple is working on an iTunes music subscription service to compete with the likes of Spotify and Rdio. Google is reportedly also looking into some sort of music streaming service involving YouTube.
According to a new report, Apple executives recently met with a high-profile music industry executive to discuss business economics and the mysterious “Project Daisy.”