Spotify reportedly plans another financing round, prepping to draw battle lines
Investment firm TPG Capital is reportedly considering an investment in Spotify. Sky News said that TPG is in talks to provide financing of as much as $500 million in loan notes, which could lead to Spotify increasing the size of its offering to up to $1 billion. These alleged fundraising plans come as Pandora continues to voice its intention to build a competing on-demand music service. Continue Reading →
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