Posted by Sheila Shayon on February 22, 2011 10:30 AM
Digital Sky Technologies, better known as DST, is the VC firm behind Facebook, Groupon and Zynga. It's also leading a funding round for Spotify, the European streaming music startup valued at around $1 billion. So far, €82.3 million has been raised in a round of $100 million.
With a boost from DST, Spotify is looking to go global, but strategically, commenting to PaidContent: “There are scenarios in which we’d enter many, many markets that would require raising external capital. Or you could adopt a market-by-market approach which doesn’t require further investment. We’re still working out which markets are our priorities.”Continue reading...
Posted by Dale Buss on February 21, 2011 09:00 AM
Academy Awards aims to capture TV/Twitter audience.
Adidas invites fans to name matchball at London 2012 Olympics.
Aldi takes a bite out of the Big Apple.
Apple may bring out new Macbook Pro line this week.
BBC scraps BBC America newscast, looks to expand US distribution for BBC World News channel.
BMW to unveil new model.Continue reading...