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 … Continue Reading