Monday, February 21, 2011

Spotify about to get a cash boost

There are currently negotiations going on - paused from time to time to hear an advert about boiler servicing from British Gas - to bring massive new funding to Spotify.

DST have previously bunged cash into Facebook, Zynga and Groupon, so they know what they're doing (unless they're just incredibly lucky); this new funding values Spotify at about USD1billion - and that would only make sense if they really are about to launch in the US.