Industry News Update – Week of 8/28/2017

Last week, Uber offered Dara Khosrowshahi, the current CEO of Expedia, its CEO position. Prior to working at Expedia for 12 years, Khosrowshahi spent 7 years at IAC as the company's CFO. He received his Bachelor's degree from Brown University in Electrical and Electronics Engineering.

Spotify renewed its long-term licensing contract with Warner. Spotify now has long-term licensing contracts with Sony, Universal and Warner. Signing long-term licensing contracts with these major record labels is essential to support the business model in providing stability around access to Spotify’s content.

WeWork received $4.4 billion ($3 billion in new funding and $1.4 billion investments in WeWork China, WeWork Japan and WeWork Pacific) from Softbank to expand its presence in Asia.

The news articles and links presented below are available for your reference.

SPOTIFY

"Spotify Closes Final Label Deal in Preparation to go Public”

UBER

“Uber Picks Expedia's Dara Khosrowshahi as New CEO”

WEWORK

"WeWork Just Raised Another $4.4 billion From SoftBank”