Spotify has closed a massive new round of funding from a wide range of global investors who are betting it can fend off a new threat from Apple. The music-streaming company closed a $526 million round of funding valuing it at $8.53 billion, said a person familiar with the matter. The financing, which The Wall Street Journal first reported on in April, closed on Tuesday.
Source: Spotify Raises $526 Million Amid Battle With Apple – Digits – WSJ