Spotify made a few moves this week that could put them in a better position to join the stock market.
On Thursday, it was revealed that the company added four people to its board of directors. The music streaming startup has brought on former Disney COO Tom Staggs; Padmasree Warrior, a Cisco vet who runs an electric car business; Shishir Mehrotra, YouTube’s former head of product; and Cristina Stenbeck, a Swedish investor.
On Friday, the company settled a class action lawsuit with a group of songwriters who were alleging copyright infringement. The proposed agreement will cost Spotify $43.4 million.
Both of these moves could help Spotify be in a better position before a possible public debut.
Spotify was supposed to do an IPO earlier this year…