Tidal lost

[Olu Dara]

Spotify nears deal to raise $400 million at $8.4 billion valuation

Spotify AB has headed back to the funding well for a seventh time, nearing a deal to raise $400 million in a round valuing the music-streaming service at $8.4 billion, according to people familiar with the matter.

The deal would place Spotify in the upper ranks of the world’s most highly valued private-tech companies. Goldman Sachs Group Inc. GS, +0.38% and Abu Dhabi’s sovereign wealth fund have agreed to invest in the round, and Spotify has held talks with a range of asset managers and venture-capital firms around the globe, the people said.

The terms have been set and the funding round is expected to close in the coming weeks, one of the people said. Nine-year-old Spotify, which previously raised more than $500 million in equity funding, hasn’t established any timeline for a possible IPO.

http://www.marketwatch.com/story/sp...billion-valuation-2015-04-10?siteid=rss&rss=1

 

[Harry B]

The Jay-z effect

 

[1/2OfDaBruinz]

nikka did you even read the article you posted

It's not exactly championing the success of Spotify. It seems as if their model is flawed, and that they are under some sort of pressure. It does seem as if a lot of people have it in their best interest to see it succeed though. As for Tidal, I'm sure that they are trying to carve out their own lane instead of trying to overtake Spotify.

 

[Buckeye Fever]

Tidal is wack

 

[Olu Dara]

nikka did you even read the article you posted

I didn't :guccilool:

But 8.4 billion tho

 

[2manyFCKNrappers]

valuations are stupid anyway. they don't mean anything.

 

[Amestafuu (Emeritus)]

Post articles you don't comprehend brehs

 

[ElectroMan]

So did Nas though

 

[JayGatsby]

Nas to launch "music-matic" anytime now.......



We streaming!

















Aw,made you look

 

[Olu Dara]

So did Nas though

:nasking:

 

[Mac Casper]

Swedish company . . Max Martin should've went in on that