Big Brands Pour Cash Into Spotify

The Swedish music streaming service, has attracted fresh investment from Coca-Cola, Goldman Sachs and Fidelity. The $100 million (£63 million) of new money gives Spotify a valuation of about $3 billion. But the private, loss-making company is facing increased competition from rival music streaming companies, such as French company Deezer, which raised $130 million in new funding last month.

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