Sweden’s Telia Sonera Confirms It’s Investing $115M In Spotify, Now Valued At $8.53B

 Timed to offset the big Apple Music launch earlier this week, popular music streaming service Spotify has finally closed its latest financing round. Among the investors is Sweden’s main carrier, Telia Sonera, which today announced that it is investing $115 million for a 1.4 percent stake in the company. This values Spotify at around $8.2 billion. Telia Sonera is the only company making… Read More

from TechCrunch » Social http://ift.tt/1HvgHeF Sweden’s Telia Sonera Confirms It’s Investing $115M In Spotify, Now Valued At $8.53B Ingrid Lunden http://ift.tt/1Mnrjux
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