Spotify close to US50M injection - Mobile World Live

Spotify close to US50M injection

20 OCT 2009

Spotify, the digital music service, is close to securing US$50 million in funding from a group of backers including Facebook investor Li Ka-shing, reports The Guardian. The new round of investment would value Spotify, which has been heralded as an alternative to iTunes, at US$250 million.

 

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