Deezer Raises $130 Million In New Funding
October 8, 2012 at 3:41 AM (PT)
PETER KAFKA reports in ALL THINGS DIGITAL that "DEEZER, the SPOTIFY-like streaming music service that is big in FRANCE, has raised a reported $130 million in a round led by WARNER MUSIC GROUP owner ACCESS INDUSTRIES. Of that, $30 million will supposedly be used to buy out existing shareholders."
DEEZER has set an OCTOBER 10th event to "reveal details of a major new funding investment."