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Spotify is an app you have to download, right? Google builds web apps. Why would they want this?

The author didn't give any reasons that seemed very compelling to me.

Picasa is an app you have to download, Google Earth (Keyhole) too.
It will be hard for Google to acquire Spotify, major music labels have a chunk of spotify pie and they won't be easily ready to let Google control what might be their future business model
It's also fairly commonplace that the licenses between music services and music labels don't transfer if the music service is purchased by another company.

The question, then, is why would Google want to buy a company who's (arguably) most important assest was just made null and void?

That's the most linkbait title I've ever read.
Definitely up there in the top 5 of linkbait titles.
Maybe someone could add a "speculation" or "prediction" tag to the title, because so far it's looking like an actual fact.
I remember someone from Google saying about Microsoft-Skype acquisition that "Google is not interested in peer to peer solutions". So I'd say it's unlikely to be true