Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

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media/telecom

Spotify Acquires Live Sports Talk App

By
Jessica Toonkel
· · Source: The Wall Street Journal

Spotify is jumping into the live audio business, acquiring Locker Room, an app where sports fans chat about games and sports news. Live audio has become increasingly popular over the past few months with apps like Clubhouse gaining millions of users. And to some level it makes sense for Spotify, which paid about $50 million for the app and its creator, to test the waters with live audio given its...

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The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.