Report: Spotify Seeks To Raise $500 Million
January 30, 2015 at 3:54 AM (PT)
Streaming music service SPOTIFY has retained GOLDMAN SACHS, "to raise $500 million in private investment, a move that would probably delay the possibility of an initial public stock offering in the near future," reports THE NEW YORK TIMES.
The report notes, "SPOTIFY’s valuation would increase to at least $6 billion, and possibly $7 billion or more, according to a person briefed on the company’s plans, who spoke on the condition of anonymity. In its last fund-raising round, in late 2013, it took in $250 million and was valued at more than $4 billion."