Facebook owner Meta close to deal for Greek startup

According to sources close to the matter, the deal is valued at anywhere between €70 and €100 million.

Meta Platforms Inc, the owner of Facebook, is close to acquiring Greek audio software startup Accusonus, a person with knowledge of the deal said.

Facebook spokespeople declined to confirm the deal, which the source said would be announced in the next few days.

“We don’t comment on rumours or speculation,” a Facebook spokesperson said in an email.

It would be the second major deal involving a Greek startup this year following JPMorgan’s purchase of a 49% stake in Athens-based payment fintech Viva Wallet, subject to regulatory approval, announced last week.

With Regroover, Accusonus developed a patented mechanism that can recognise, analyse, and deconstruct rhythmic sounds. From DJs and producers to students just getting started and looking to drag that guitar line out their favorite tune, regroover has been an indispensable tool to many a maestro.

But the company’s offer doesn’t simply end at the consumer market, as a number of their products can be found in top recording studios around the globe, utiilised by producers working with Bob Dylan, Aerosmith, Dream Theater, and Sepultura. All alongside heavy usage in film and television studios.