Spotify’s Acquisition of Betty Labs

Skadden, Arps, Slate, Meagher & Flom LLP represented Spotify in the transaction while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP advised Betty Labs.

Spotify executed the acquisiiton of Betty Labs, the creators of Locker Room, a live audio app.

Betty Labs is a forward-leaning team of developers, engineers, product thinkers, and sports fans focused on creating groundbreaking live experiences. The company, which was initially backed by Lightspeed Venture Partners, and more recently by GV and Precursor Ventures, first introduced Locker Room to sports fans in October 2020.

Headquartered in Stockholm, Sweden, Spotify is a streaming and media services provider, founded in 2006 by Daniel Ek.

The Skadden team advising Spotify included M&A partners Howard Ellin (Picture) and Christopher Barlow, and associate Taylor Votek; Executive Compensation and Benefits partner Joseph Penko, counsel Page Griffin and associate Kenneth Han; Intellectual Property and Technology partner Stuart Levi, and associates Mana Ghaemmaghami and MacKinzie Neal; Tax partner Steven Matays and associate Michael Cardella; Labor and Employment Law partner Karen Corman (Los Angeles) and associate Tate Wines.

The Gunderson deal team was led by Trevor Knapp and included Mark Foster, Jerry Ku, Aaron Fiske, Michael Richman, Nicholas Agate, Tina Xu, Josh Ephraim, Andrew Leeds, Harrison Hawkes and John Paul Karas.

Involved fees earner: Nicholas Agate – Gunderson Dettmer; Joshua Ephraim – Gunderson Dettmer; Aaron Fiske – Gunderson Dettmer; Mark Foster – Gunderson Dettmer; Harrison Hawkes – Gunderson Dettmer; John Paul Karas – Gunderson Dettmer; Trevor Knapp – Gunderson Dettmer; Jerome Ku – Gunderson Dettmer; Andrew Leeds – Gunderson Dettmer; Michael Richman – Gunderson Dettmer; Tina Xu – Gunderson Dettmer; Christopher Barlow – Skadden Arps Slate Meager & Flom; Michael Cardella – Skadden Arps Slate Meager & Flom; Karen Corman – Skadden Arps Slate Meager & Flom; Howard Ellin – Skadden Arps Slate Meager & Flom; Mana Ghaemmaghami – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Kenneth Han – Skadden Arps Slate Meager & Flom; Stuart Levi – Skadden Arps Slate Meager & Flom; Steven Matays – Skadden Arps Slate Meager & Flom; MacKinzie Neal – Skadden Arps Slate Meager & Flom; Joseph Penko – Skadden Arps Slate Meager & Flom; Taylor Votek – Skadden Arps Slate Meager & Flom; Tate Wines – Skadden Arps Slate Meager & Flom;

Law Firms: Gunderson Dettmer; Skadden Arps Slate Meager & Flom;

Clients: Betty Labs; Spotify;

Author: Martina Bellini