Spotify Reportedly Close To $100 Million In New Financing
November 12, 2012

Spotify is reportedly close to finalizing $100 million in financing that would bring the digital music service's value in at just over $3 billion. The Wall Street Journal reports the investment in Spotify would come from multiple sources, though Goldman Sachs was the only one named by the paper.

In a previous round of funding last year, Spotify raised approximately $100 million, leading to a $1 billion value. CNet notes that at one point, the company was aiming for a $4 billion value but has pulled back from that target.

Billboard.biz also reports that Spotify is planning an expansion into Latin America and Eastern Europe into 2013. The company is now advertising to hire staffers in new markets including Mexico City and Poland.




 
Breaking News
eQB NOW
Cumulus Promotes Heather Gersten To APD At WWLI/Providence, RI
April 20, 2017
iHeartMedia Washington, D.C. Names Tommy Chuck PD For WASH-FM
iHeartMedia Names Jeff Wyatt SVP/Programming For Baltimore, MD
Radio One DC Expands WMMJ-FM Listenership
April 19, 2017
CBS Radio's 'SPF" In Las Vegas Expands To Two Nights With Linkin Park
Magic 92.5/San Diego To Change Format To All Prince "Purple 92.5"
Clip Interactive Partners with Radio One & Reach Media
April 18, 2017
iHeartMedia San Antonio Names Russell Rush Program Director For KXXM
iHeartMedia San Francisco Names Matty Staudt Digital PD
WHLZ Turns On The Hot AC In Florence, SC
iHeartMedia Baton Rouge Names Brittany Tully PD For WYNK-FM
John Butler Joins Spotify
April 17, 2017
KUDL/Sacramento Rolls Outs EndFest 2017
United Stations Adds Danny Ocean As Affiliate Relations Representative
Amplifi Media & jācapps Team Up To Form SonicAi
April 13, 2017
Cumulus Media Promotes Three Senior Executives
jacapps and Ford Bring the Connected Car to the 2017 NAB Show
April 12, 2017
iHeartMedia Names Donna Pickett EVP/Marketing, Digital Products
Alpha Media San Antonio Names James Steele PD of 103.3 The APP
FLY92.3/Albany Unveils New Morning Show
April 11, 2017
The Madison Square Garden Company Names Darren Pfeffer EVP of MSG Live
iHeartMedia Names Dennis O'Heron SVP/Live Entertainment And Events
Music News
Prince EP Release Blocked By Lawsuit
Quick Hits: Beyonce, Rise Against
Paramore Announce New Album After Laughter
Controversy Over New Prince EP
Quick Hits: NIN, QOTSA, Coldplay, Big Boi
FMQB Retro-Active: A Look Back at ELP
The Chainsmokers Debut Atop Billboard 200
Quick Hits: Lady Gaga, Gotillaz, Bourbon & Beyond
Harry Styles to Release Solo Debut on May 12
Quick Hits: J. Geils, Gorillaz, Tool
The Chainsmokers & Drake Lead 2017 Billboard Music Award Nominees
Quick Hits: Kendrick Lamar, Prince's Estate, Lindsey Buckingham, Christine McVie
Rock Hall of Fame Adds Pearl Jam, ELO, Journey & More
FMQB Photo Pass: John Mayer
Drake Stays Atop Billboard 200
FMQB NOW

Nikki Nite,
VP of Prog. & Ops,
Entercom/Austin

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!