Music streaming company Spotify raises $1 billion in convertible debt

March 29, 2016 9:47 PM

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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)

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