By Lamar Karen

California-based Apple Inc. is reportedly in process of acquiring yet another company now. The AOL owned TechCrunch reported with the reference of Anonymous tipster that Apple is negotiating to acquire the London based Spotify. Spotify is music streaming service. Other reports indicated that Apple and Spotify are in very early stage of negotiation. The reports claimed that companies have not even talked about price and terms of agreement.

Google was attempting to acquire same company last year for $1 billion. However two companies didn’t agree on deal because of Google’s demands with regards to label deals.

According to Wikipedia, Spotify offers unlimited streaming of selected music from major labels and individuals with virtually no buffing delay.