Battle For Cash And Users In Spotify, Apple Streaming War
Spotify is expanding its funds and business model just in time to counter Apple's new music streaming service.By Evan Thomas | June 10, 2015
Spotify just locked up another $526 million in funding.
The round includes a $115 million contribution from Swedish telecom TeliaSonera, which puts the streaming service at an $8.53 billion valuation.
In May, Spotify announced plans to diversify into podcasts, broadcast partnerships and even video to keep up with and better cater to the evolving tastes of its user base. (Video via CNBC)