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."
Source: GigaOM, 14th November 2012