Spotify can get 3.5 billion from investors – Aftonbladet

Spotify bash with a large mocha in the battle against competitor Tidal.

Streaming Service is close to a deal that can provide over 3.5 billion, reports the Wall Street Journal.

Streaming war escalates.

In the last week, a number of superstars, led by Jay Z, merged and presented Spotify- Tidal challenger. Now turn the Swedish streaming giant back.

According to the Wall Street Journal Spotify has embarked on a new round of investors to pull in new money.

3.5 billion in new

The result? A contribution of 400 million dollars, equivalent to more than 3.5 billion.

The giant bank Goldman Sachs and the sovereign wealth fund of Abu Dhabi said to be two of the investors.

High valued

In connection with the transaction, which, according to the Wall Street Journal is almost in port, valued Spotify to over 73 billion. This makes the company one of the most valued private technology companies in the world.

The new billions said to allow Spotify to raise levels of remuneration for artists.