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Spotify wants to be all things audio.
That means leveling a charge at popular social audio-platform Clubhouse this week through its purchase of sports-focused audio app Locker Room and its parent company, Betty Labs. The acquisition cost between $50 and $80 million, a price range reported by The Wall Street Journal.
Already a giant in music streaming and podcasting—through major audio acquisitions like Gimlet, Anchor and The Ringer—the meteoric interest in social audio over the last year has been impossible for Spotify to miss.
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