A number of prominent global investors are about to invest large sums in Spotify.
Founded just over a week ago revealed Wall Street Journal’s sources that Spotify is close to taking in around 3.5 billion from including Goldman Sachs and Abu Dhabi wealth fund.
Today presents British Sky News more information and the full list of investors.
In addition to existing investors like Goldman Sachs, GSV and Technology Crossover Ventures, are also well-known hedge fund Lansdowne Partners extra money. Lansdowne is one of London’s oldest and best-known hedge funds. The firm invested among other things successfully on bank stocks in the wake of the financial crisis.
Other financiers are Baillie Gifford, DE Shaw, Discovery Capital Management, Halcyon Asset Management, Swedish private equity firm North Zone, PSAM, Rinkelberg Capital and Senvest Capital, according to sources to Sky News.
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Investors should all buy items worth tens of millions of dollars, where the largest is said to amount to nearly 100 million, according to Sky sources.
The people say while the negotiations are not fully completed, which means that any investor can fall away at the end.
Something that few might know is that even Coca-Cola is one of the investors in Spotify when the company bought a minority stake in 2013. However, it is unclear whether the Coca-Cola participating in the current round of funding.
Funding Round is Spotify’s seventh since its inception in 2008 and is expected to close during the next few weeks. The valuation is said to be around $ 8.4 billion, almost 74 billion.
Spotify announced in January that their music service used by 60 million users, of which 15 million will pay $ 9.99 per month for the ad-free version .
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