Spotify nailed down an investment of $250 million -- close to half its revenue all last year -- that values the streaming music service at more than $4 billion, according to a report Thursday by The Wall Street Journal.
Talks between Spotify and Technology Crossover Ventures, the firm that led the round of funding, over a potential $200 million investment were reported earlier this month by Sky News.
A Spotify spokesman declined to comment.
Spotify is growing rapidly and spreading quickly across the world from its home base in Sweden -- and burning through cash to do it. Spotify's … Read more