Home Spotify Raises $500 Million in Apple Battle
 

Keywords :   


Spotify Raises $500 Million in Apple Battle

2015-06-10 16:21:28| IT Services - Topix.net

Music-streaming company Spotify Ltd. has raised $526 million in a fundraising that values it at $8.53 billion, according to a person familiar with the matter, as investors bet it can fend off a new threat from Apple Inc. The fundraising attracted investment from a number of investment funds in Europe and the U.S. and included a $115 million investment from Nordic telecom operator TeliaSonera AB, which said the two companies would work together on areas such as media distribution, data analytics and advertising.

Tags: million apple battle raises

Category:Information Technology

Latest from this category

All news

»
15.11 119
15.11
15.11
15.11Snowpeak SDE-001 M
15.11DVD5
15.113Dio Free Space
15.11
15.11Dr.
More »