Spinlet, Africa’s premier mobile music streaming and download service is rumoured to have acquired Ghana’s mobile music streaming startup, Streemio, a yet-to-be-launched music service founded in January 2010.
We learned that the Streemio team would be joining Spinlet and its music catalogue would be added to Spinlet’s catalogue exceeding over 1 million songs for users to stream and download.
I reached out to Spinlet CEO, Eric Idiahi who declined to comment, but said that the company will be making some announcements soon.
The financial details of the deal are still unknown, but sources say that the acquisition talks are in their final stages. The deal if confirmed would make sense for Spinlet as it wants to become the number one destination of African music content.
This rumour comes as Deezer, a major international music service recently launched in several African countries, including Nigeria this week and iROKING, a direct competitor to Spinlet in the local digital music war launched its mobile music download service, currently with over 100,000 registered users.
We’re not sure about Spinlet’s user numbers and music download numbers since launch, but perhaps that’s part of the announcements we’ll be hearing soon.
Streemio and Spinlet could not be reached for comment. I’ll keep you updated as we know more.