Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service said.
The Wall Street Journal first reported the deal on Tuesday. (on.wsj.com/1WVEqsr)
Also read: Report: AT&T considering buying Time Warner
11:10 Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say
23:06 AT&T discussed takeover in meetings with Time Warner: Bloomberg
13:59 Nearly 200 Nations Agree To Cut Greenhouse Gases In Landmark Climate Change Deal
10:28 Nearly 200 nations agree binding deal to cut greenhouse gases