Music-streaming site Spotify has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but comes with some onerous guarantees.
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Tuesday, March 29, 2016
Tech
Spotify Raises $1 Billion in Debt Financing
Spotify Raises $1 Billion in Debt Financing
Music-streaming site Spotify has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but comes with some onerous guarantees.
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Music-streaming site Spotify has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but comes with some onerous guarantees.
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