Streaming giant Spotify buys Irish music start-up Soundwave

Terms of the deal have not been disclosed

Soundwave was founded by Brendan O’Driscoll, his cousin Aidan Sliney and Craig Watson

Gigantic Swedish streaming company Spotify has bought Irish startup Soundwave in a movereported in The Sunday Business Post last weekend.

The amount Spotify is prepared to invest in Soundwave is unknown, but talks are understood to have been going on for a number of weeks.

Rathmines-based Soundwave was founded by Brendan O’Driscoll, his cousin Aidan Sliney and Craig Watson.

The deal will constitute a pay day for Soundwave’s current backers, who include ACT ...