0
Wireless

Spotify looks for USD 500 mln in fresh funding - report

Friday 30 January 2015 | 09:13 CET | News
Spotify may delay its initial public offering (IPO) as it looks to raise USD 500 million in new investment, the Wall Street Journal reported, citing people familiar with the matter. The music streaming service has hired Goldman Sachs to help with the new funding round, with investors hearing talk of valuations higher than USD 7 billion, the sources said. The company is talking with investors such as T. Rowe Price Group, as well as others. Spotify apparently said it would be willing to provide investors with "ratchet" provisions that give them a guaranteed return in the event of an IPO, one

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless / Mobile & Wireless
Companies: DST / Sony / Spotify / Universal Music / Vivendi / Warner Music
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Spotify revenues increase 45% in 2014

Published 08 May 2015 13:38 CET | World
Online music streaming service Spotify's revenues rose 45 percent to top EUR 1 billion last year. Stockholm-based Spotify posted ...

Spotify raises USD 400 mln at USD 8.4 bln valuation - report

Published 13 Apr 2015 09:16 CET | World
Spotify is close to completing its seventh funding round, raising USD 400 million and valuing the music-streaming service at USD ...

Universal leans on Spotify to limit free listening - report

Published 23 Mar 2015 08:41 CET | World
Universal Music is using its licence negotiations with streaming music service Spotify to push for changes in the free Spotify ...

Sony drops own music service in favour of Spotify

Published 29 Jan 2015 09:53 CET | World
Sony announced plans to close its streaming music service and offer Spotify instead. The services Video Unlimited and Music ...

Spotify introduces new design for Windows Phone

Published 19 Jan 2015 22:44 CET | World
Music streaming service, Spotify has introduced a new design for Windows Phone users featuring a darker theme, a refreshed ...

Spotify ends 2014 with 15 mln paid subscribers

Published 13 Jan 2015 07:59 CET | World
Music streaming service Spotify has announced that it reached the milestone of 15 million subscribers and 60 million active users ...