Friday, 16 November 2012

Coca Cola has reportedly invested $10 million in Spotify

"Spotify has completed a new round of financing totaling $100 million, according to a report from the New York Times. The round, which values the company at $3 billion, reportedly includes a couple noteworthy new investors: The Coca-Cola company chipped in $10 million, and Fidelity Investments is bringing around $15 million to the table. Goldman Sachs’ share of the new investment is about half, and the remaining $25 million came from existing investors, according to the Times. A Spotify spokesperson declined to comment when contacted by GigaOM."

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