Spotify Raises $1 Billion In Debt Financing

According to the Wall Street Journal, Spotify has just raised $1 billion in convertible debt financing. The funding round was led by private equity firm TPG, hedge fund Dragoneer Investment Group and Goldman Sachs.  TPG and Dragoneer will reportedly buy $750 million of the debt, and Goldman Sachs will purchase the remaining $250 million. Most … Continue reading Spotify Raises $1 Billion In Debt Financing