0
Broadband

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

Monday 13 April 2015 | 09:16 CET | News
Spotify is close to completing its seventh funding round, raising USD 400 million and valuing the music-streaming service at USD 8.4 billion, people familiar with the matter told the Wall Street Journal. Goldman Sachs Group and an Abu Dhabi sovereign-wealth fund have agreed to invest in the round, after Spotify held talks with a range of asset managers and venture-capital firms around the globe, the report said. The funding is expected to close in the coming weeks. Spotify said in January it had about 45 million free users and 15 million who pay for an ad-free version of the service.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: Internet
Companies: Spotify
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 adds video clips to music service

Published 21 May 2015 09:39 CET | World
Music streaming service Spotify is adding video content for the first time. In addition to short videos, it will offer podcasts ...

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 to launch video-streaming service - report

Published 08 May 2015 09:02 CET | World
Spotify will announce later this month a video-streaming service at a launch event in New York on 20 May, people familiar with ...

Spotify targets further Latin America growth

Published 06 May 2015 14:13 CET | Latin America
Music streaming service Spotify is placing greater focus on expanding its Latin America operations in the 17 countries in which ...

'Spotify haalt 400 mln op, waardering 8,4 miljard dollar'

Published 13 Apr 2015 09:50 CET | World
Spotify is dicht bij de afronding van zijn zevende financieringsronde, meldt Wall Street Journal. De muziekdienst haalt 400 ...

Spotify looks for USD 500 mln in fresh funding - report

Published 30 Jan 2015 09:13 CET | World
Spotify may delay its initial public offering (IPO) as it looks to raise USD 500 million in new investment, the Wall Street ...

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 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 ...





Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Box Q4 2019
26 Feb Orbcomm Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Tecnotree FY 2019
28 Feb Masmovil Q4 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar Maxar Technologies Q4 2019
02 Mar GTT Q4 2019
02 Mar Capacity Middle East
03 Mar HPE fiscal Q1
04 Mar Tech Data fiscal Q4
::: More Calendar Items