Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported,
Goldman Sachs Group Inc and Abu Dhabi's sovereign wealth fund have had thumbs up to invest in the round and Spotify has also held talks with asset managers and venture-capital firms, the Journal said.
founded in 2006 by Daniel Ek and Martin Lorentzon, streams music for free and provides the service ad-free for paying customers.
© Thomson Reuters 2015
This Article is Posted on 12 Apr 2015 in Technology Section and Android Apps