Spotify CEO Daniel Ek refused to comment "on deal negotiations," when asked if the streamer was considering an investment in Universal Music Group. UMG corporate parent Vivendi is openly exploring investments in exchange for up to 50% of the world’s largest music group.
During the earnings call Q&A Thursday morning, Ek was asked if Spotify was considering an investment in UMG, as well as, the advantages and disadvantages of owning a portion of a major content partner.
Rather than deny interest, Ek answered that he would make "no comments on deal negotiations." The Spotify CEO’s choice of words seemed to imply interest, if not actual ongoing negotiations.