Spotify rose nearly 4% in premarket trading as Google allowed alternative in-app payments for Spotify users.
Spotify has reached a deal with Google to offer an alternative payment method within its app for users, the latest sign of the weakening grip that app stores have over third-party software.
The streaming music service and Alphabet Inc.'s search giant announced the deal Wednesday, allowing Spotify's app within the Google Play Store to offer a choice between its alternative payment method and Google's own, which takes as much as a 30% share of revenue.
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