Spotify's previously reported new funding round is valuing the streaming service at a neat $8.4 billion, according to sources cited by the Wall Street Journal.
Following reports that the Spotify company could be seeking to raise another half billion from investors in a move that is likely to put off the widely expected IPO by at least another year, the Journal says that the new monies being paid into the streaming firm's coffers are likely to be closer to $400 million. But that's still rather lot of money to fuel the further expansion of the service around the globe.
Posted on: 15/04/2015Categories: News from CMU Online
