Spotify Won’t Ever Sell to Larger Company, CEO Ek Says

Spotify Ltd. won’t ever sell out to a large U.S. tech company, the startup’s chief executive officer and co-founder Daniel Ek said Thursday.

Speaking to reporters at a technology and music conference in Stockholm, Ek said that he sees the fact European entrepreneurs frequently sell their companies to larger U.S. businesses as holding back the region’s technology sector.

“Not going to sell, no,” he said. “My biggest advice for entrepreneurs is don’t ever sell.”

Source: Bloomberg