Spotify close to nabbing $50M from Facebook-backer Li Ka-Shing
Updated
Spotify, the streaming music service with more than two million users across Europe, may close a round of investment totaling up to $50 million and valuing the company at $250 million, the Financial Times reported today. The Swedish startup has reportedly piqued the interest of Hong Kong billionaire Li Ka-Shing’s charitable foundation and London venture capital firm Wellington Partners. (Ka-Shing, pictured left, invested $60 million in Facebook last year.)
Heralded as a potential iTunes killer, the… Continue Reading
Slacker, the real iPod killer?
Slacker is an ambitious new music service created by some industry veterans that takes aim at the iPod.
Slacker is a music player device, but it is also a music delivery service. It is path-breaking because it wants to let you take it anywhere: It will be the first service to use satellite to deliver music constantly to your device.
Slacker’s service is essentially a personalized Internet radio station, similar to popular services Last.fm and Pandora.
On… Continue Reading