Deezer raises EUR 100 million - report

News Broadband Global 8 OCT 2012
Deezer raises EUR 100 million - report
French streaming music company Deezer has raised EUR 100 million, mainly from Warner Music parent company Access Industries, Le Figaro reports. A few million euros were invested by existing backer Idinvest, but France Telecom-Orange did not take part in the capital increase, diluting its share in Deezer from 11 percent to 8-9 percent. France Telecom is also looking for a partner to buy a stake in French video portal Dailymotion, according to the report.

Categories:

Internet

Companies:

Orange,  France Telecom,  Dailymotion,  Deezer,  Warner Music

Regions:

Global

Countries:

France

Tags:

Wireline, Wireless, Consumer, Digital Music, Financial funding

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