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Spotify has announced it’s increasing the price of its Premium Family subscription.

The cost will rise from €14.99 to €17.99 per month, starting from April 30th.

The streaming platform says the price hike will ensure it can continue delivering new content and features.

Meanwhile,  the platform’s founder is understood to be preparing a bid to buy Arsenal FC.

Billionaire Swedish entrepreneur Daniel Ek said on Friday that he was interested.

It’s reported club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira are working with the creator of the music streaming service to make an offer.