Around the Net
Big Brands Pour Cash Into Spotify
- BBC, Thursday, November 15, 2012 3:57 PM
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.
