| Founded | 2012 |
|---|---|
| Closed | 2024 |
| Country | Lebanon |
| Sector | Media |
| Collapse type | Fire Sale |
Anghami
"The Arab world Spotify raised $73M, listed on NASDAQ, and was acquired at near-zero value in 2024 after Spotify and Apple Music entered the region and made its regional-language moat irrelevant."
Distressed acquisition below last-round valuation
Key Events Timeline
Anghami was founded in Beirut as the first Arabic-language music streaming service, amassing an Arabic music catalog that competitors initially could not replicate.
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