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Spotify Goes for Another $100 Million
July 5, 2011
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Some big venture capital firms are betting big on European music service, Spotify, agreeing on $100 million in new funding. That puts Spotify’s valuation at about $1 billion. This new round of funding is a clear sign that the VCs expect Spotify to quickly come to an agreement with Warner’s in anticipation of a late summer or early fall launch in the US.
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