| Goldman Sachs and Abu Dhabi's sovereign wealth fund have agreed to invest in Spotify, according to reports. Spotify is nearing a deal to raise $400m (£273m), valuing the music streaming service provider at $8.4bn, according to reports.
The terms of the funding, Spotify's seventh, have been set and the deal is expected to close in the coming weeks. Goldman Sachs and Abu Dhabi's sovereign wealth fund have agreed to invest in the round and Spotify has also held talks with asset managers and venture-capital firms, the Wall Street Journal reported. Spotify and Goldman Sachs could not immediately be reached for comment...............................................Full Article: Source
|