Spotify stake values firm at over $1bn

first_imgMonday 21 February 2011 9:01 pm Spotify stake values firm at over $1bn whatsapp whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndocenter_img KCS-content Tags: NULL Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com DIGITAL Sky Technologies (DST) is understood to be close to finalising a $100m (£61.7m) investment in Spotify that would value the music streaming site at $1bn.DST already owns a stake of up to 10 per cent in Facebook and invested in the $180m fund-raising for Farmville-maker Zynga.If DST went ahead with the move, which was reported in TechCrunch, it would mean that the company would have stakes in nearly all of the well-known pre-float tech firms that investors are chasing.The Russian firm grabbed headlines after it added $50m to its investment in Facebook as part of Goldman Sachs’ $2bn funding round for the social networking site.The Spotify investment once again raised fears of a second dotcom bubble, with Google and Facebook both understood to be in talks to buy Twitter for up to $10bn (£6.23bn).The Silicon Valley giants are said to be in “very speculative” negotiations to take control of the hugely popular microblogging site.In its recent financing round, Twitter was valued at $3.7bn, after selling $200m worth of shares. LinkedIn, the professional networking site, is expected to reach a valuation of around $2bn after filing plans for an IPO. And Facebook has been valued at a staggering $50bn after Goldman placed a number of its privately held shares. Facebook brought in revenues of around $2bn last year.Facebook shares are now said to be selling for over $55 on trading sites for high net worth investors such as SharesPost.com, which would value the company at $124bn.Deal website Groupon rejected a $6bn bid from Google last year.DST and Spotify both declined to comment.Sweden-based Spotify, which will soon announce a deal with music giant EMI to stream its music, counts Hong Kong billionaire Li Ka-Shing among its investors.The service offers online access to millions of music tracks, which consumers can also buy. It has over 10m users in Europe. last_img read more