Rumor: Apple buying Spotify to offer cloud-based iTunes?

Many of you, I’m sure, are wondering, what exactly does Apple do with all its billions? Obviously I’m not able to give a definitive answer, but, I’m pretty sure it’s used to buy stuff, or companies. This latest rumor, and it is just that, is that the Cupertino based company is looking to buy Spotify, the European music streaming service.

In case you’re unaware, Spotify is a massive deal over here in the UK. Basically, you pay a subscription fee every month for unlimited access to tunes. There are three packages, one is free, this entitles you to 20 hours worth of music each month. The intermediate package is £4.99 per month (around 8USD), this offers unlimited streaming and no ads. The ‘Premium’ package is £9.99 (16USD), and offers unlimited streaming, no ads, offline mode (awesome!), and mobile access via iPhone app.

Given this information, does it not make you a wee bit excited at the potential future of iTunes? Imagine, not paying for every single song or album you download, but, rather paying a small subscription fee each month to guarantee you access to any tunes you want.

I am slightly getting ahead of myself here. It is just a rumor. The only information is from an unnamed source is that “Apple and Spotify are in on-again, off-again discussions about an acquisition.” This is according to Michael Arrington at TechCrunch. The same article reports that Google was on the verge of purchasing the Scandinavian company last year in a $1Billion deal, but, that never went through.

Comment below guys. Are you excited at this potential deal going through?

Via: TechCrunch

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